PYMNTS

NOVEMBER 10, 2020

Treasury Department is researching use cases for a central bank digital currency (CBDC), as well as drafting regulatory proposals for private stablecoins, U.K. Meanwhile, Lebanon Governor Riad Salameh announced that the country will be introducing a CBDC next year, to “restore confidence,” reported Bloomberg.

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The Paypers

APRIL 19, 2021

The Bank of England and HM Treasury have announced the creation of a taskforce to explore central bank digital currencies (CBDC).

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The Fintech Times

MARCH 7, 2024

The Hong Kong Monetary Authority (HKMA) has begun ‘Project Ensemble’, a new wholesale central bank digital currency (wCBDC) project, to support the development of the tokenisation market in Hong Kong. It could forge a new FMI that bridges the gap between tokenised real-world assets and money in transactions.

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The Paypers

SEPTEMBER 30, 2021

The Bank of England and the UK Treasury department have announced that PayPal , Amazon , and Visa will be among the corporate representatives participating in two advisory groups that are exploring a possible Central Bank Digital Currency.

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PYMNTS

APRIL 24, 2020

Treasury ordered public companies to return Paycheck Protection Program (PPP) loans. The People’s Bank of China (PBOC) is launching a pilot program to trial its new digital yuan with 19 local businesses, including the U.S. Treasury Directs Public Firms To Return Small Business PPP Money. chains Starbucks, Subway and McDonald’s.

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PYMNTS

OCTOBER 16, 2020

Companies are looking to harness digital tools to accelerate B2B disbursements and payments — as well as to handle other parts of their treasury needs with more efficiency. PYMNTS explores how the coronavirus has exposed the weaknesses of paper-based payments and what that signifies for the future of treasury.

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PYMNTS

JANUARY 14, 2021

At least it seems so, if recent comments by European Central Bank President Christine Lagarde are any indication. Treasury Department, through the U.S. Lagarde stated back in November that the European Central Bank will be able to launch a digital version of the euro within four years. Digital Fiat Looms .

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PYMNTS

JANUARY 14, 2021

Plus, new concerns mount in Sweden over the rise of Central Bank Digital Currencies and their implications for the traditional banking system. Wells River Savings Bank Joins The RTP Network. Modern Treasury Raises Funding To Accelerate B2B Payments. Noting that more than $18.5 Noting that more than $18.5

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The Fintech Times

AUGUST 19, 2024

HKMA has also been responsible for a number of other initiatives: Along with the Bank of Thailand, HKMA launched the ‘Faster Payment System x PromptPay’ Link for cross-border QR payment in December 2023. Just this March, the programme’s second phase commenced, with plans to further explore new use cases of e-HKD.

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PYMNTS

OCTOBER 14, 2020

The central bank of Russia is seeking to place a yearly cap on the amount of cryptocurrency that retail investors can purchase, CoinDesk reported. Non-qualified investors wouldn’t be able to purchase over 600,000 rubles (approximately $7,740) per a proposal that the Bank of Russia released.

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The Fintech Times

APRIL 23, 2024

It also announced a new white paper on how corporate treasury can navigate the dynamic payments landscape. HSBC announced a memorandum of understanding (MoU) with the Thai Fintech Association to help further engage the next generation of Thai tech unicorns.

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CoinRemitter

JULY 9, 2024

The United States Department of the Treasury has also flagged DeFi’s financial crime risks in a 2023 report and sanctioned Tornado Cash for aiding money laundering and sanctions evasion, a decision upheld by courts despite industry protests. The development of CBDC regulations is likely to occur alongside ongoing pilots and trials.

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Tearsheet

FEBRUARY 8, 2024

While many countries worldwide are exploring the potential of Central Bank Digital Currency (CBDC), China continues to expand its e-CNY in the market. China introduced its CBDC to the world at the Olympic Games in February 2022. In the US, the CBDC would be a third form of the US Dollar after paper and coins.

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Fintech Finance

DECEMBER 10, 2024

The Payments Association believes the UK should invest in the next stage of its payments evolution with the introduction of a Central Bank Digital Currency (CBDC). HM Treasury is currently consulting to find out what that cost is and whether we should mandate that cash is accepted in all retail outlets.

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The Fintech Times

DECEMBER 10, 2024

‘Is the next logical step for payments in the UK central bank digital currencies?’ ’ (CBDCs) questions The Payments Association , a trade group representing the payments industry, as it reveals consumer preferences surrounding cash. The jury is still out on the ‘best’ payment method.

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The Payments Association

APRIL 14, 2025

In late 2024, HM Treasury confirmed its intention to move away from a phased approach and instead pursue a holistic, full-scope model. Continued participation in the Banks engagement initiatives remains critical to ensure preparedness as the design phase evolves.

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Finovate

JANUARY 31, 2024

lags behind its peers when it comes to central bank digital currencies (CBDCs), and learn about U.S. Swiss digital asset bank Sygnum scores new funding Has crypto winter yielded to the year’s first crypto unicorn? .” and other developed nations when it comes to CBDCs. ” Report: U.S. president.

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Finovate

JUNE 5, 2024

The Bank for International Settlements (BIS) is investigating the use of wholesale central bank digital currencies (wCBDCs) to improve instant cross-border payments. The project takes its name from a famous bridge in Venice, Italy, that spans the banks of the Grand Canal. Bitpanda was founded in 2014.

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Cross-Border Cross-Border Payments CBDC Cryptocurrency 69

The Payments Association

JANUARY 31, 2025

It will include the secretaries of the Treasury and Commerce, the attorney general, the chair of the Securities and Exchange Commission (SEC), the chair of the Commodity Futures Trading Commission (CFTC), and the heads of other relevant departments and agencies.

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