Payments
Crypto assets hobbled by proof of work, finds BIS economist
Raphael Auer says bitcoin payments could take “nearly a year” to become truly final
Bhutan strengthens relations with India through payment co-ordination
New proposals will limit the number of tourists having to bring cash into the countries as ATMs and POSs become interoperable with local cards
MAS to gain powers over wider set of payment services
Central bank will also enforce new limits for coin payments
AML/CFT regulation to cover crypto assets – Sarb
New proposals will construct a “limited” regulatory framework for crypto assets
BIS’s Borio calls on economists to take money more seriously
Money is too often explored in isolation, or ignored completely, the BIS economist says
Mexico unveils measures to foster financial inclusion
Plan intends to promote digital payments, facilitate access to credit and deepen capital markets
BoE keeping ‘open mind’ on central bank digital currency – Carney
But “it could be some time” before private accounts are available at BoE, if they are ever offered, governor says during online Q&A
Central Bank of Kenya intervenes amid coin confusion
No limits on coin distribution, central bank says, following reports initial caps remain in place
Divergent motives fuelling CBDC discussion, BIS survey reveals
Majority of central banks are researching the various forms of CBDC, but very few expect to launch in the next six years
Vietnam continues with payment card upgrades
Banks must phase out magnetic strip cards by 2021
Long-serving South African deputy governor resigns
Francois Groepe has been in post since 2004 and ran national payment system
BoCHK set to secure role for Philippines renminbi clearing
Bilateral settlement gains importance in yuan internationalisation process; race on for Indonesia clearing licence
The ‘great fintech wall of China’?
Deploying fintech wrappers could help to solve part of the People’s Bank of China’s capital control dilemma; trials possible in Greater Bay Area
Mozambique sources new payments IT provider after dispute
Payment dispute pushes central bank to speed up unification of payment systems; US-based firm chosen to supply computer system for interbank network
Denmark adopts cyber resilience programme
European Central Bank developed the test, which sets a new standard in the financial sector
People: Kenyan and Samoan governors named to UN digital task force
Kenya’s Njoroge and Samoa’s Ainuu-Enari to investigate digital impact on financial inclusion
South African central bank launches review of payment system
Sarb says its regulatory mandate needs more clarity and calls for more powers over fintech
Beyond payments: central bank digital currency
The issuance of central bank digital currencies, such as Sweden’s proposed e-krona, could facilitate monetary policy beyond the zero lower bound
Fintech poses “serious” challenge to governance, says former PBoC deputy
Li Dongrong warns of fintech spillover risks, regulatory arbitrage and digital divide; dismisses PBoC use of ‘untested’ blockchain
ECB launches eurozone real-time retail payments platform
ECB aims to prevent fragmentation of European real-time payments market
Fintech could help financial inclusion - South African deputy governor
Sarb’s Groepe praises Singapore’s one-stop data repository
Rwanda upgrading payment infrastructure on all fronts – annual report
Government officials no longer have to visit the central bank to make a transaction
Riksbank considers joining EU’s faster payments system - deputy governor
Cecilia Skingsley says Riksbank is reviewing how it distributes central bank money