Cryptocurrency
EBA tells crypto providers to offer supervision ‘contact points’
Tightening AML/CFT regime reflects increasing risks in sector
Supervise crypto first, say BdF and French markets authority
French supervisors call for Europe-wide regulation of digital asset class
BCRA show sounds death knell for notes, hails birth of crypto
Governor opens show on AI and decentralised monetary and financial systems
HKMA partners with Thailand and Brazil on cross-border tokens
Interoperability work using tokenisation will focus on settlement in trade finance and carbon credits
Crypto assets not fit for reserve purposes – World Bank study
Economists say central banks are unlikely to move into non-CBDC digital currencies “any time soon”
Book notes: Easy money, cryptocurrency, casino capitalism, and the golden age of fraud, Ben McKenzie with Jacob Silverman
Casts light on how shady crypto characters defraud consumers but does little to identify and control such fraudsters while protecting the public
Growing divide between ethereum investors – Philadelphia Fed study
Paper claims returns disadvantage “minnows” more than would be case with conventional assets
Stablecoin issuers pose short-term outflow risk to lenders – study
Research finds crypto assets weaken liquidity coverage ratios
Kazakhstan’s CBDC pilot enters second phase
Central bank to examine how digital tenge could be used to reduce corruption in public spending
Basel Committee finalises crypto asset disclosure rules
Disclosure and prudential standards to be implemented by 2026
Palau building blockchain government bond platform
Contract won by Japanese company that co-developed Cambodia’s digital currency
Basel Committee approves new stablecoin exposure framework
Details on new crypto asset and IRRBB rules, plus third-party risk consultation due out this month
Book notes: Bucking the buck: US financial sanctions and the international backlash against the dollar, by Daniel McDowell
A timely and well-documented book about the weaponisation of the US dollar
Crypto rule change will slash Brazil’s current account deficit
Crypto purchases will no longer be treated as import goods, central banks says
SNB carries out first tokenised monetary policy operation
Central bank issued $72 million in bonds on DLT settled in wholesale CBDC
Ethiopia approves CBDC law as it pursues bitcoin mining policies
Monetary policy and financial stability committees established as part of economic reforms
BIS finds a third of jurisdictions not developing crypto regulations
Annual CBDC and crypto survey finds decline in expected retail CBDC launches by 2030
Ransomware payments can be necessary, say panellists
Paying off hackers may be only way to safeguard financial stability, despite risks
Most central banks resistant to crypto in retail payments
Just six central banks are open to retail payments being facilitated by digital assets like bitcoin
Saudi Central Bank joins mBridge
Cross-border CBDC project with China, Hong Kong, Thailand and the UAE opens up further to private sector
Cross-border payments key to boosting riel, Cambodian governor says
QR payments set to expand to India and Japan, as central bank aims for independent monetary policy