Ripple gets formal approval for Singapore payments license
Ripple said it received its fully-fledged digital payment tokens license from the Monetary Authority of Singapore. Go to Source
Central Bank
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Latvia central bank opens to fintech with ‘Innovation Hub’
The Bank of Latvia has been quietly stepping up its game in providing assistance to fintech projects while employing the latest emerging technologies internally. Go to Source
Rep. Tom Emmer reintroduces anti-CBDC bill to Congress
The bill would limit the Fed from issuing a CBDC which Tom Emmer called a surveillance tool that would “undermine the American way of life.” Go to Source
Israel, Hong Kong complete retail CBDC test emphasizing privacy, inclusivity
The Hong Kong Monetary Authority, Bank of Israel and Bank for International Settlements teamed up to address the complex issues of rCBDCs. Go to Source
CBDCs will gradually displace private banks, says Russian lawmaker
Some Russian banks have been increasingly concerned about the potential implications of the digital ruble after the first pilots started in August. Go to Source
Jamaican taxi drivers bullish on accepting Jam-Dex CBDC
Jam-Dex would be significantly transformative for the public transportation sector and needs to be embraced, believes Aldo Antonio, co-founder and acting executive chairman of the National Transporters Alliance Group. Go to Source
Crypto amplified financial risks in emerging markets: BIS papers
Central banks of the United States, Canada, Mexico and Brazil have pointed out the risks of crypto, but warned against excessively prohibitive laws. Go to Source
Colombia central bank recommends limiting CBDC holdings and spending
Setting limits on CBDC transactions could be beneficial to issues related to user privacy and security, according to the central bank of Colombia. Go to Source
Canadians have ‘weak incentives’ to use a CBDC: Bank of Canada
A central bank discussion paper found that the majority of Canadians have little trouble accessing financial services, which gives them little reason to use a CBDC. Go to Source
Nigeria to issue verifiable blockchain certificates for NYSC
This initiative aims to house all NYSC certificates on the blockchain, providing individuals with the means to easily verify and authenticate them. Go to Source