Payments – Page 20

US Treasury report encourages instant payment, recommends more CBDC research

In one of three reports released simultaneously Friday, the Treasury Dept. talks cautiously about stablecoins and CBDC in the context of wider payment technology.

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Crypto for foreign trade: What do we know about Iran’s new strategy

Iran has decided to legalize the use of crypto in cross-border payments, which could impact how some countries view crypto.

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Russian Prime Minister Orders Finance Ministry, Central Bank to Agree on Crypto by December

The central bank and the finance ministry in Moscow have been asked by the head of the Russian government to agree on a vision for the development of the country’s digital asset market by Dec 1. Working with other regulators, they should also present a common position on the legislation needed to regulate it. Pressed […]

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Russian Businesses to Choose Which Crypto to Use for Cross-Border Settlements, Lawmaker Says

Russian companies may start transacting in cryptocurrency with partners abroad as early as next year and will be free to pick the coin they want to use, officials in Moscow have indicated. The sanctioned country is preparing to legalize foreign trade settlements with digital assets and this could happen in the coming months. Russian Government […]

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ePayments shutters as FCA anti-money laundering regulations tightens

The electronic payment provider is permanently closing operations due to the inability to satisfactorily meet the standards of the FCA after suspending operations for three years.

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Russia aims to set rules for crypto cross-border payments by year’s end

Russia might become the first country in the world to allow cross-border crypto payments while banning local crypto payments, a fintech expert in the Russian State Duma said.

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Central Bank of China Calls for Increasing Use of Digital Yuan

The People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital currency. The monetary authority believes that deeper interconnection with traditional e-payment platforms will make the digital yuan more convenient for consumers. China’s Central Bank Insists on Expanding Digital Yuan Environment The monetary policy regulator of […]

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Buenos Aires Might Implement Blockchain Systems to Make Social Aid Payments

Dario Nieto, a lawmaker in the city of Buenos Aires, has introduced a bill that would use blockchain systems to make social aid payments in order to bring clarity to these activities. Nieto has complained about the different intermediaries that use these social campaigns to make money and how introducing blockchain might eliminate these activities. […]

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Russia’s Tech Giant Rostec to Test Digital Asset Payments in International Trade

Russia’s leading technology company, Rostec, is working on a project to integrate digital assets into cross-border trade. The state-owned corporation says the market is interested in cryptocurrency payments which can reduce sanctions pressure on Russian exporters and importers. Rostec Eyes Russky Island for Trials of Digital Currency Payments The largest Russian industrial and technology conglomerate, […]

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Bank of Russia to Promote Digital Ruble in Foreign Trade as Finance Ministry Pushes for Crypto Option

Days after the two institutions agreed on the need for cross-border crypto payments, the finance ministry and the central bank of Russia are once again highlighting their different priorities. While the treasury department aims for legalizing cryptocurrency payments in the coming months, the monetary authority says it will “actively promote” its digital currency for international […]

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