New York Fed, MAS link to explore wCBDCs for cross-border payments
The Federal Reserve Bank of New York and the Monetary Authority of Singapore (MAS) have linked to explore the use of wholesale CBDCs for cross-border payments.
MEPs approve new stricter cybersecurity rules
New rules requiring EU countries to meet stricter supervisory and enforcement measures as well as harmonising sanctions have been approved by MEPs.
Research paper outlines legal authority for bank use of stablecoins
The Clearing House has released a research paper that analyses the legal authority and policy considerations for banks’ engagement in stablecoin-related activities.
MAS unveils collaboration on CBDC project
The Monetary Authority of Singapore (MAS) has launched Ubin+, an expanded collaboration on a cross-border foreign exchange using wholesale CBDC.
EU passes MiCA legislation in crypto regulation breakthrough
The European Union has come one step closer to making crypto regulation a reality after it passed the Markets in Crypto Assets Regulation (MiCA) bill.
FSB proposes framework for international cryptoasset regulation
The Financial Stability Board (FSB) has published a proposed framework for the international regulation of crypto-asset activities.
Study finds $4bn illicitly laundered through DeFi exchanges
Cryptoasset risk management firm Elliptic has found that criminals have used DeFi exchanges amongst other things to launder more than $4bn in crypto.
Kim Kardashian given $1.26m fine for crypto promotion
Kim Kardashian has been given a $1.26m charge by the SEC for promoting a crypto asset without disclosing the pay-out she received for it.
ECB: digital euro will not be available until 2026 at least
The European Central Bank (ECB) has said EU citizens are unlikely to see a digital euro until 2026 at the earliest as the bank considers further design and distribution considerations.
Multiple central banks team with BIS on CBDC exploration
Central banks in Israel, Norway and Sweden will team with the Bank of International Settlements to explore how CBDCs can be exploited for international retail and remittance payments.
