Fintech
PBoC launches new phase of e-yuan pilot
Consumers in some cities can use prototype CBDC for public transport and housing
Fintech needs better oversight as risks grow, FSI says
Basel-based group sees room for system-level testing and closer scrutiny of tech firms
Australian government will map crypto asset holdings
Move is necessary to oversee “largely unregulated” crypto sector, finance minister says
Russian banks set to use digital ruble in 2024
Cross-border integration with “friendly countries” planned to bypass Swift
UN warns against rapid adoption of crypto in developing nations
Tax evasion depletes resources for development, report finds
Philippine central bank to freeze licensing of digital asset firms
Existing financial institutions under the BSP’s supervision can still apply for a licence
HKMA invites CBDC business plans from private sector
Banks and tech companies may be invited to work with the central bank on future CBDC research
Central banks weighing up CBDC offline alternatives
Institutions are testing ways of allowing digital payments without the internet
Australian central bank launches CBDC research project
RBA says it will look into different use cases of digital currency
Bank of Thailand to launch retail CBDC pilot
BoT says it does not have plans to issue a retail CBDC yet
CBDC launch still on the table, BoJ says
Senior official dismisses media reports on cancellation of CBDC plans
CBDCs could hugely improve cross-border payments – ECB’s Bindseil
“Holy grail” of secure, instant universal payments could be a reality in next 10 years, authors say
CBDCs could limit bank runs, US paper argues
Digital currency could make policy-makers better able to handle banking panics, say researchers
Banque de France announces second wholesale CBDC experiment phase
CBDC as a settlement asset may be ready by 2023
Swift gears up for innovation around digital currencies
Head of innovation at global payments messaging provider is focused on CBDCs, tokenised securities and artificial intelligence
Crypto emissions will lower valuations, says ECB paper
European banks must incorporate crypto into estimates of climate transition risks
Basel Committee proposes capital add-ons for crypto exposures
Committee tightens proposed rules in several areas following high-profile crypto failures
Taiwan completes phase two CBDC trials with banks
Resolving further challenges could take at least two years, governor says
Danish central bank sceptical on retail CBDC
Report says existing payment systems offer similar benefits, but case for CBDC could change
US targets North Korean crypto hacking
Treasury seeks co-operation to better enforce sanctions on North Korea and Russia
Crypto a ‘wake-up call’ for central banks
Digital economy needs CBDC as risk-free asset, say panellists at ECB’s Sintra conference
(Un)stablecoins and central banks
Time to tackle stablecoin structures and support mechanisms
Japan and Soramitsu to conduct Asia-Pacific CBDC studies
Observers note de-dollarisation and spread of e-yuan as potential motivations