Payments
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
RBA hits out at further delay to new clearing system
Blockchain-based system for Australian Stock Exchange won’t be operational until at least late 2024
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
MAS to consult public on regulating stablecoins
Chairman says central bank will consider reserve requirements for stablecoin issuers
East African states clash over location of regional central bank
‘Verification exercise’ gave Tanzania the highest score, prompting Uganda and Kenya to object
Chileans’ use of electronic payments is on the rise
Central bank report finds rapid increases in card and online payments.
Rethinking regulation of the modern financial system
Bank of Italy’s Maurizio Trapanese writes that rules need to address uncertainty as well as measurable risks, entity types as well as activities, and should not be overly complex
RTGS operating hours must expand, BoE’s Cunliffe says
Longer hours and more non-bank access would speed up cross-border payments, says CPMI chair
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
CPMI creates framework for linking payments
Linking and use of APIs could cut need for long chains of correspondent banks, report says
Cash remains most common means of payment in Germany
But share of cash payments dropped from 74% in 2017 to 58% in 2021, Bundesbank finds
FSB cross-border payments work hampered by data problems
Measuring progress “will not be straightforward”, working group says
Chile central bank opens CBDC survey
Poll is part of gradually unfolding evaluation of potential digital currency
Iran imposes restrictions on payments
Authorities cite risk of cyber attacks, but economy has also faced capital flight
Danish central bank sceptical on retail CBDC
Report says existing payment systems offer similar benefits, but case for CBDC could change
(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
US senator attacks regional Fed over fintech firm’s payments access
Kansas City Fed president Esther George refuses to release correspondence about terminating account
Payments Benchmarks 2022 report – on the shores of a digital future
Benchmarking data offer insights on mandates, staffing structure, oversight of payment services, RTGS design and management, and CBDC development
Legal certainty: the Achilles’ heel for CBDCs?
Many central banks lack legal certainty when it comes to issuing digital currencies, despite all the research and trials. Isn’t it time to get the lawyers involved?
RBI aims to triple volume of digital payments by 2025
New strategy document aims to build on “phenomenal” growth in electronic payments