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The latest Bank of International Settlements bulletin looks at ways to mitigate the risks of crypto assets and suggests TradFi could get its house in better order too. Go to Source Powered by WPeMatico
The Nigerian central bank has outlined key focus areas for its national payments system in a two-year roadmap leading up to 2025. Go to Source Powered by WPeMatico
The U.K. is mulling over launching a digital pound as it remains committed to becoming a cryptocurrency hub, a government representative has indicated. British authorities should also regulate payments with stablecoins, according to the official. United Kingdom Prepares to Begin Consultation on Digital Pound Currency The executive power in London is considering the introduction a … Read more
The 13.61 billion e-CNY represented roughly 0.13% of the 10.47 trillion yuan in circulation at the end of 2022. Go to Source Powered by WPeMatico
The UK capital’s governing body is partnering with the Digital Pound Association and other trade groups to promote good crypto policy and practice and the UK’s position as a global financial center. Go to Source Powered by WPeMatico
The Central Bank of Russia has detailed two methods for implementing the digital ruble and other state-backed coins in international settlements. The monetary authority also plans to start testing consumer-to-business (C2B) operations in the first quarter of the year. Russia’s Central Bank to Propose Platforms for Digital Currency Payments in Foreign Trade Moving forward with … Read more
MP Andrew Griffith and colleagues spoke before a hearing of the U.K. parliamentary Treasury Committee about payments technology and CBDC. Go to Source Powered by WPeMatico
The country’s central bank will begin studying two possible cross-border CBDC settlement models this quarter. Go to Source Powered by WPeMatico
From the start of March, Nigerian public officials will be barred from withdrawing cash from government bank accounts, the head of the Nigerian Financial Intelligence Unit reportedly said. Public officials that want to be exempted from this new regulation will have to obtain a waiver from the Nigerian Presidency. Government Workers Vulnerable to Money Laundering … Read more
Mexico’s central bank is currently working on legal, administrative, and technological requirements for the peso’s digital version. Go to Source Powered by WPeMatico