Digital currency
BIS offers guidance on offline CBDC design
Half of central banks say offline payments are “vital” to CBDC design
Florida adopts anti-CBDC law
Governor has denounced US digital currency, though there are no concrete plans for one
UK regulator and police raid crypto ATM sites
There are no legally registered crypto ATMs in the UK
Fintech Benchmarks 2023 – presentation
Specialist Joasia E. Popowicz discusses CBDCs, cyber security, AI/ML in regtech, suptech and cloud computing
China to trial paying salaries using CBDC
State employees say finding merchants that accept the e-yuan is difficult
Zimbabwe will mint ‘digital gold token’, says governor
Mangudya says RBZ will offer “store of value” as alternative to foreign currency
BoE and BIS test synchronised DLT settlement
Prototype leaves open legality of digitised asset transfer
Federal Reserve denies FedNow is a CBDC
Online sources post disinformation on payment system as anti-CBDC sentiment grows
Curaçao and Sint Maarten’s governor praises IMF analysis tool
Island nations are in no hurry to adopt CBDC, Richard Doornbosch says
CBDCs will change international monetary system – IMF panel
Bank of Mauritius governor says CBDCs may protect sovereignty and combat illicit financing
US Treasury releases defi risk assessment
Lax adherence to AML/CFT requirements allows criminals to launder money
Central bankers cast doubt on utility of CBDC
“Element of Fomo” drives projects on even when purpose is unclear and resources lacking
CBSL requests criminal proceedings against crypto schemes
Legal action could allow investors to recoup losses
EU politicians back plan for new AML authority
Proposals include tougher transparency requirements and crypto transaction limits
Fed details Custodia rejection decision
Decision says Wyoming firm has deficient management and risky business model
CAR to drop crypto as legal tender
Country bows to pressure from partners in regional monetary union
Towards legal CBDCs
Officials at the Bank of Thailand and Bank of Jamaica on how their CBDC design choices interact with the law
Islamic banking most at risk of negative CBDC effects
IMF paper highlights risk of unremunerated and small retail deposits
SNB’s Maechler to take deputy role at BIS
Senior Swiss official will replace Luis Awazu Pereira da Silva as deputy general manager
Swift completes cross-border CBDC settlement pilot
Banque de France, Bundesbank and the MAS among central bank participants
Crypto firms are dodging scrutiny, US comptroller warns
Hsu compares crypto exchange FTX to BCCI, subject of infamous ’90s banking scandal
US lender tied to FTX goes into liquidation
Federal government investigating California bank linked to failed crypto exchange
BIS Project Icebreaker proposes cross-border retail CBDC model
Central banks used smart contracts and worked with FX providers to cut costs and risk
Brazil’s central bank authorises business payments on WhatsApp
Peers can also send money in India, while B2B only is enabled in Singapore