PYMNTS

OCTOBER 7, 2020

The Bank of Korea has said it plans to begin testing distribution of its digital currency next year, according to a report by The Korea Herald. The central bank said in April it had launched a 22-month pilot that would end in December 2021, the report stated.

Digital Currency 83

Digital Currency Central Bank CBDC Cryptocurrency 83

PYMNTS

AUGUST 11, 2019

The People’s Bank of China (PBoC) said it is now ready to launch its own blockchain-based digital currency after five years of research, CoinTelegraph reported on Sunday (Aug. He was unclear, however, when the digital currency might actually launch. It won’t mimic crypto because it uses a more complex structure.

Digital Currency 67

Digital Currency Central Bank Blockchain Research 67

PYMNTS

OCTOBER 11, 2019

For central banks, when it comes to cryptocurrencies, there’s no central theme. Whether the advent of digital coins signifies an existential threat to monetary policy at its most basic level – the way it’s been done for, well, centuries – depends on who’s weighing in on the subject. Others, not so much. Yays and Nays.

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Central Bank Digital Currency Federal Reserve Non-Bank 73

Fintech News

DECEMBER 11, 2023

Cambodia is implementing new initiatives to expand payment options for tourists by cementing blockchain-based central bank digital currency (CBDC) partnerships. The National Bank of Cambodia (NBC) has been instrumental in facilitating these digital currency evolutions.

Digital Currency 82

Digital Currency Blockchain CBDC Central Bank 82

PYMNTS

NOVEMBER 12, 2020

Christine Lagarde , European Central Bank (ECB) president, said the ECB could make its own digital currency within a few years, which could change up the eurozone financial sector drastically, Bloomberg reported. China, meanwhile, is also advancing plans for a central bank digital currency (CBDC), Bloomberg reported.

Digital Currency 121

Digital Currency Central Bank Federal Reserve Money Laundering 121

PYMNTS

DECEMBER 1, 2020

The Central Bank of Iceland (CBI) is debuting a new instant pay platform with partnership with SIA , a European company specializing in high-tech payment services and infrastructures, according to a press release. In October, SIA was bought by Italian digital payment company Nexi for $5.4 billion.

Central Bank 77

Central Bank Instant Payments Payments Interoperability 77

PYMNTS

NOVEMBER 7, 2016

4) it inked a partnership with Banque Régionale de Marchés (BRM) to provide a digital currency in the West African Economic and Monetary Union (WAEMU). The secure digital instrument can be used across all existing payment platforms and will be equivalent in value to physical legal tender, eCurrency said in the press release.

Digital Currency 73

Digital Currency Financial Inclusion Interoperability Central Bank 73

PYMNTS

OCTOBER 9, 2020

In today’s top news, the Federal Reserve and seven central banks are collaborating on a framework for digital currency, and Amazon India prepares for its festive season with a $95.5 Fed, Central Banks Frame Criteria For Digital Currency. million boost. Plus, Affirm files for an IPO.

Digital Currency 56

Digital Currency Central Bank Federal Reserve P2P 56

The Fintech Times

NOVEMBER 9, 2024

In the last five years, Sri Lanka’s economy has struggled greatly. Not all doom and gloom: fintech is on the horizon Despite the outbreak of the pandemic, in 2020 the Central Bank of Sri Lanka (CBSL) launched its regulatory sandbox in an effort to boost its fintech sector and innovation.

Economy 96

Economy Online and Mobile Banking Central Bank Financial Inclusion 96

PYMNTS

JANUARY 27, 2021

According to a study by the Bank for International Settlements (BIS), central bank digital currencies (CBDCs) will be available for 20 percent of the world’s population in the next three years. In the past four years, 86 percent of central banks have been actively doing some kind of work on CBDCs, according to BIS.

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CBDC Central Bank Financial Inclusion Digital Currency 102

PYMNTS

SEPTEMBER 22, 2020

21), European Central Bank (ECB) President Christine Lagarde made a case for the digital euro, saying it would provide an alternative to private digital currencies, according to her prepared opening remarks. She framed the need for change as the need to adapt to the new digital world.

Digital Currency 110

Digital Currency Stablecoins Central Bank Cybersecurity 110

PYMNTS

JULY 10, 2019

The European Central Bank (ECB) opened up about cryptocurrency and said it wouldn’t recognize it as an actual currency, according to reports. The bank also said it didn’t have any plans to put bitcoin into its reserves. The statement underpins the bank’s ongoing icy stance on cryptocurrency in general. in April.

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Central Bank Bitcoin Cryptocurrency Push-to-Card 61

PYMNTS

MAY 22, 2020

The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. . The digital currency would be backed by the yuan, the Korean won, the Japanese yen and the Hong Kong dollar. .

Digital Currency 64

Digital Currency Cross-Border Settlement Central Bank Bitcoin 64

PYMNTS

OCTOBER 15, 2020

It will function as a “gathering place” for those interested in digital currencies or those who start businesses in addition to researchers, expats and digital nomads. Meanwhile, the federal government is Nigeria is said to be creating a framework to allow for countrywide digital currency adoption, CoinDesk reported.

Digital Currency 119

Digital Currency Bitcoin Blockchain Legal 119

PYMNTS

FEBRUARY 5, 2020

The United States Federal Reserve is examining the possibilities and issues surrounding cryptocurrencies and digital payments, which include whether there would be a benefit to the agency issuing a digital currency , according to a report by Reuters. She did not mention interest rates or the current state of the economy.

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Digital Currency Fed CBDC Federal Reserve 52

PYMNTS

JANUARY 24, 2020

The move comes after a Bank of Japan decision to join with six other central banks to share knowledge on issuing digital currencies at a later time. China is moving toward issuing digital yuan, so we’d like to propose measures to counter such attempts.”.

Digital Currency 100

Digital Currency Central Bank Cryptocurrency Governance 100

PYMNTS

MAY 22, 2020

The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. . The digital currency would be backed by the yuan, the Korean won, the Japanese yen and the Hong Kong dollar. .

Digital Currency 56

Digital Currency Cross-Border Settlement Bitcoin Central Bank 56

PYMNTS

DECEMBER 12, 2019

The head of the European Central Bank (ECB), Christine Lagarde, said she wants a task force to identify clear objectives regarding the ECB’s proposed digital currency initiative by the middle of next year, according to a report by Reuters. Lagarde also said the ECB should be “ahead of the curve” on the issue.

Digital Currency 52

Digital Currency Money Laundering Central Bank Cryptocurrency 52

PYMNTS

DECEMBER 22, 2020

Companies like Kountable are looking to empower SMBs with resources like technology and networking to drive economies of scale. Hale pointed to central bank digital currencies as a particularly promising technology.

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Cross-Border Central Bank Digital Currency Due Diligence 106

PYMNTS

OCTOBER 23, 2020

economy as traveling along a V-shaped recovery , Sheard said, then we’re roughly halfway up the “second leg” of the V.). Simply put, China is a massive economy that rivals the U.S. as the largest economy in the world a few years ago. But China is still a developing economy and is growing more quickly than the U.S. –

Posting 83

Posting Central Bank Digital Currency Economy 83

PYMNTS

SEPTEMBER 27, 2019

Mark Cliffe, chief economist at Dutch financial service firm ING, said central banks around the globe will have “fully fledged” cryptocurrencies in a matter of just two to three years, according to reports. . Because Libra has a potential launch date of 2020, banks have needed to step up their timelines. . “I

Central Bank 51

Central Bank Digital Currency Cryptocurrency Push-to-Card 51

PYMNTS

MARCH 23, 2020

To help bolster the American economy amid the COVID-19 pandemic, the Federal Reserve could utilize digital wallets and a “digital dollar” to provide “qualified individuals” with payments. Neither bill specifies the use of any type of digital currency initiative. economy overall in this challenging time.

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Fed eWallet Federal Reserve Digital Currency 109

PYMNTS

DECEMBER 6, 2020

Some Chinese shoppers visiting an established online mall will be able to buy goods with the country's first official digital currency under a new trial announced over the weekend, Reuters and other wire services reported. Bloomberg reported that the 100,000 digital currency vouchers are valued at about 20 million yuan.

Digital Currency 75

Digital Currency Central Bank Federal Reserve Wire 75

Fintech News

JANUARY 30, 2024

Other payment trends in Asia preceding 2024 including the rise of B2B buy now pay later (BNPL), growing prominence of central bank digital currency (CBDC), and prevalence of composable, cloud-based ‘as-a-Service’ IT architecture models have helped shape much of what we anticipate for 2024.

Payments Trends 100

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 100

Fintech Finance

JULY 4, 2024

Even in today’s digital-first economy, connectivity issues can present challenges for digital payment transactions, especially in rural areas. In highly industrialized economies, internet access is not uniformly reliable.

Digital Payments 82

Digital Payments Online and Mobile Banking Central Bank Financial Inclusion 82

PYMNTS

MARCH 23, 2020

To help bolster the American economy amid the COVID-19 pandemic, the Federal Reserve could utilize digital wallets and a “digital dollar” to provide “qualified individuals” with payments. Neither bill specifies the use of any type of digital currency initiative. economy overall in this challenging time.

eWallet 105

eWallet Federal Reserve Fed Digital Currency 105

Fintech Review

APRIL 24, 2024

“CBDCs” or Central Bank Digital Currencies are gaining significant traction. They represent the digital form of a nation’s official currency, issued and regulated directly by the central bank. Challenges and Concerns However, the adoption of CBDCs is not without its issues.

Central Bank 91

Central Bank CBDC Cross-Border Payments Cross-Border 91

Fintech News

MAY 8, 2024

As digital technologies continue to transform the financial landscape, central banks worldwide are exploring the potential of Central Bank Digital Currencies (CBDCs).

CBDC 102

CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 102

PYMNTS

DECEMBER 30, 2020

Instead, he expects central bank digital currencies ( CBDCs ) — government-issued digital versions of traditional dollars, yuan, etc. — In my mind, most money [in the near future] will basically be cryptocurrency, because you’ve got these CBDCs — the central bank digital currencies,” he said.

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Fed Bitcoin Cryptocurrency Digital Currency 107

PYMNTS

OCTOBER 16, 2019

The governor of the Bank of England said he doesn’t think new financial technologies (FinTechs) will cause central banks to be obsolete. The fact is that the financial system … is the most heavily regulated part of the economy. The Swiss National Bank is also looking into digital currencies.

Central Bank 46

Central Bank FinTech Digital Currency Cryptocurrency 46

PYMNTS

OCTOBER 15, 2020

Real-time payment is also is finding traction in the gig economy, allowing employees to be paid on a regular basis, even daily. The vision has always been a traditional currency with the liability of a central bank that could run on the public internet and underpinned by blockchain.

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Real Time Payments NACHA SWIFT TCH 125

PYMNTS

AUGUST 21, 2020

Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Central bank digital currencies (or CBDCs) have been gathering steam, at least as a concept.

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CBDC Fed Federal Reserve ISO 20022 107

Fintech News

DECEMBER 6, 2023

Singapore and China have agreed to collaborate on a pilot programme that uses the e-CNY, China’s central bank digital currency (CBDC), for cross-border transactions. This programme is designed to ease payments for travelers from both countries during their overseas visits.

Cross-Border Payments 119

Cross-Border Payments Cross-Border CBDC Payments 119

The Fintech Times

AUGUST 28, 2024

Looking to harness this potential, the Hong Kong Monetary Authority (HKMA) launched ‘Project Ensemble’ in March earlier this year, a wholesale central bank digital currency (wCBDC) project, to support the development of the tokenisation market in the region.

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Interbank Settlement CBDC Settlement Use Case 134

PYMNTS

OCTOBER 21, 2020

The pandemic has shifted priorities in regulatory policy tied to the financial services industry — and for Europe, it is heralding the emergence of a data-driven economy. Ready for Digital Currencies? . These are issues with more strategic implications — and we don’t have any precedent here.

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Interoperability Digital Currency Cross-Border Regulations 126

Payments Source

NOVEMBER 9, 2020

Bitcoin has underpinned the next generation of currencies, while showing that central banks are not necessarily needed as administrators or gatekeepers.

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Bitcoin Central Bank Governance Government 116

PYMNTS

JUNE 29, 2020

Valdis Dombrovskis , the EU’s executive vice president of the European Commission for an Economy that Works for People, told attendees of the Digital Finance Outreach 2020 , a series of events for the 27-nation bloc on financial technology companies, that Europe must become the leader in crafting rules for digital finance.

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Stablecoins Cryptocurrency Central Bank Money Laundering 88