The Fintech Times

AUGUST 28, 2024

On 28 August 2024, HKMA officially launched the Project Ensemble Sandbox, which will test a wide range of tokenisation use cases, including the settlement of tokenised real-world assets (such as green bonds, carbon credits, aircraft, electric vehicle charging stations, and treasury management).

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Interbank Settlement CBDC Settlement Use Case 134

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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CBDC Treasury Digital Currency Central Bank 34

The Fintech Times

MARCH 7, 2024

Through the new project, Hong Kong Monetary Authority will explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money through a wholesale CBDC. It could forge a new FMI that bridges the gap between tokenised real-world assets and money in transactions.

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CBDC Authorization Interbank Settlement Central Bank 53

The Paypers

JANUARY 29, 2024

The Bank of England and HM Treasury have issued an official response to a consultation concerning the digital pound.

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Consulting Treasury CBDC 36

PYMNTS

APRIL 24, 2020

Treasury ordered public companies to return Paycheck Protection Program (PPP) loans. China is the first country to launch a central bank digital currency (CBDC) or digital currency electronic payment (DCEP). Treasury Directs Public Firms To Return Small Business PPP Money. Starbucks Among 19 Firms Trialing China’s Digital Yuan.

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Treasury Returns Credit Union Digital Currency 58

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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PayPal CBDC Digital Currency Central Bank 60

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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Instant Payments Card Issuer Online and Mobile Banking Federal Reserve 95

PYMNTS

JANUARY 14, 2021

Modern Treasury Raises Funding To Accelerate B2B Payments. With $38 million in fresh funding , accounts payable (AP) solution provider Modern Treasury is looking to further accelerate B2B payments. RTP already accounts for more than 6 percent of Modern Treasury volume.”. Noting that more than $18.5 Noting that more than $18.5

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RTP Real Time Payments Payment APIs and Integration Digital Currency 62

Neopay

DECEMBER 18, 2023

UK parliamentarians on the cross-party Treasury Committee have urged to Bank of England to address data privacy and financial stability concerns before considering the implementation of a digital pound.

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Treasury CBDC Privacy Risk 52

PYMNTS

JANUARY 14, 2021

Treasury Department, through the U.S. Banks offering those foundational principles for the CBDCs included the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, Sveriges Riksbank, the Swiss National Bank and the BIS. As of this writing, bitcoin is changing hands at more than $38,000.

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Money Laundering Bitcoin Regulations Central Bank 61

PYMNTS

OCTOBER 14, 2020

For its part, the Bank of Russia recently put forward a report on a possible central bank digital currency (CBDC) rollout. As PYMNTS reported previously, MicroStrategy was the first public company to invest most of its treasury in the digital currency in the summer. “We

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Caps Bitcoin Digital Currency Central Bank 56

The Fintech Times

AUGUST 19, 2024

Both central banks are collaborating on the Inthanon Project, working alongside commercial banks to explore the potential of Distributed Ledger Technology in developing a wholesale central bank digital currency ( CBDC ).

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FinTech SARS Central Bank Cross-Border 72

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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Payment APIs and Integration Cross-Border Cross-Border Payments CBDC 59

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.

Stablecoins 40

Stablecoins Financial Crimes Cryptocurrency Money Laundering 40

Payments Dive

APRIL 8, 2022

Despite new technologies, payments often take too long, the treasury secretary said in her first remarks on digital assets since a March executive order on the topic. Regardless of where assets are stored, regulation should be "tech neutral," she said.

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CBDC Treasury Regulations Technology 78

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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CBDC Digital Currency Privacy Federal Reserve 59

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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CBDC Digital Currency Payments Central Bank 105

The Fintech Times

DECEMBER 10, 2024

This in turn means that the government would be wrong to label a future CBDC as a cash replacement the fact that cash is still being used despite more convenient alternatives being available means that for what cash is used for it is irreplaceable. But retaining both todays and yesterdays innovations comes at a cost to society.

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Payments Digital Currency CBDC Governance 59

Finovate

JANUARY 31, 2024

progress on CBDCs lagging other nations Former President Donald Trump said recently that he would “never allow the creation of a central bank digital currency (CBDC).” created CBDC has plenty of issues – even without the antipathy of the once (and maybe future) U.S. .” Report: U.S. president.

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CBDC PayPal Cryptocurrency Interbank Settlement 64

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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Stablecoins Office of the Comptroller of the Currency Treasury Regulations 88

Finovate

JUNE 5, 2024

“Decentralized solutions, CBDC and interlinked payment infrastructures are considered promising avenues to improve cross-border payments,” the BIS noted in a statement. ” Wholesale CBDCs differ from retail CBDCs in that the latter is designed for use by the general public. .”

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Cross-Border Cross-Border Payments CBDC Cryptocurrency 69