Fintech
Hong Kong open to working with PBoC on digital currency
Senior government official says authorities would “actively participate” if it aids “mutual connectivity”
Token-based CBDC poses security risks – BoC paper
Bank of Canada has said token-based approach is its preferred method, but authors warn of risks
Marshall Islands readies to make waves in digital currency
Island nation ready to issue blockchain-based national currency if its new government gives the go-ahead, chairman of foundation says
RBA sees no immediate need for retail CBDC
Head of payments policy discusses trade-offs involved in issuance
FSB weighs impact of growing big tech dominance
Big tech offers benefits but is also using its clout to gain significant market power, FSB says
BoE looks to gain better understanding of AI
Public-private forum will share knowledge on how artificial intelligence is used in finance
G-7 central banks agree CBDC principles
BIS joins with leading central banks to set out principles for deciding to issue CBDCs
UK’s FCA bans crypto derivatives for retail investors
FCA says retail crypto assets have no reliable valuation basis and could increase financial crime
Global fraud framework needed as digital transactions rise – report
Covid-19 has forced consumers to trust new payment methods, but it could come at a cost
FCA wants pandemic-relevant projects for sandbox
UK regulator announces scope of latest sandbox cohort and launches new digital initiative
Belize’s central bank must improve cyber regulation – IMF staff
IMF staff warns central bank must upgrade physical resilience in face of hurricane threat
FCA increases guidance to big tech around consumer protection
UK regulator mulling whether it needs new powers to ensure firms like Google do not exploit customers
Bahamas prepares for nationwide CBDC rollout
Central bank says digital currency should improve financial inclusion – but it won’t be anonymous
Riksbank will host Nordic fintech hub for BIS
Swedish parliament amends law governing central bank to finance BIS innovation hub in Stockholm
BIS paper delves into new fintech database
Authors investigate rise of “big tech credit” in many economies
Eastern Caribbean Central Bank official says CBDC is ‘foolproof’
Central bank asks consumers to register for second stage of digital currency pilot
Covid-19 will not result in CBDC issuance, say central bankers
Policy-makers think changes in payment behaviour will be temporary and CBDC research will take time
Innovation hubs should help central banks update regulation – panellists
Regulation should be transparent enough for fintechs to understand what requirements must be met
SBP offers overseas Pakistanis access to digital banking services
Prime minister says he hopes the Roshan Digital Account will help channel foreign exchange to Pakistan