Fintech
FATF finds global crypto AML failures
Most jurisdictions “struggle with fundamental requirements”
EC proposes legal tender status for digital euro
Legislation envisages digital wallet available on- and offline, while safeguarding cash
SNB to test wholesale CBDC in real-world pilot
Tokenised assets will be settled on the SIX Digital Exchange
IMF’s Adrian draws ‘blueprint’ for international CBDC platform
Model would use common token, exchangeable with central bank reserves
Unified ledger could usher in ‘profound’ economic change – BIS
Hyun Song Shin describes single platform for public and private money as “game changer”
BoE and BIS develop digital currency APIs
Bank of Canada, Central Bank of Hungary, Visa, Mastercard and Amazon involved
Central bankers warn of systemic cyber risk
Central Banking Summer Meetings: Officials recommend automating configuration checks
Central Banking FinTech RegTech Global Awards 2023
Central Banking’s sixth annual FinTech RegTech Global Awards showcase the ground-breaking projects undertaken within the central banking community
Ukrainian hackers claim attack on Russian banks
Cyber attack targets Bank of Russia’s interbank system, disrupting payments
Data privacy laws can boost fintech lending – BIS paper
Study finds Californian law led to more data being shared with fintech firms
SEC charges Binance and Coinbase
World’s largest crypto exchanges accused of illegal operations at expense of investors
Banknotes: April to June 2023
A round-up of news and salient issues that have affected central bankers in the past three months
Hong Kong legalises retail crypto trading
Licensed exchanges will be able to trade major virtual tokens to retail investors
Singapore’s central bank to work with Google on AI
MAS also announces AI training programme for financial sector
Combatting the ever-changing cyber threats in banking
Seemanta Patnaik, co-founder and chief technology officer at SecurEyes, discusses the continually evolving challenges and threats, and possible solutions to remain resilient to cyber attacks in today’s central banking environment.
BoJ explores holdings limits for CBDC accounts
Central bank says setting overall holding limits could raise privacy issues
Major central banks set out CBDC policy debates
BIS and central banks discuss major policy issues that still need to be solved
Iosco sets out global crypto regulation
International group of regulators targets conflicts of interest in the industry
NY Fed and MAS test distributed ledger CBDC payments
System averaged 6.48 payments a second, with peak of 47 payments a second
HKMA launches retail CBDC pilots
Hong Kong central bank will work with 16 firms, including banks and payment companies
European Council adopts Mica regulation
Crypto legal framework covers issuers and service providers but not defi
BoK and Samsung strengthen ties on offline CBDC research
Central bank and tech giant to look at ways to minimise security risks with offline CBDC payments