Payments & Settlements

Data Privacy

EU Parliamentarians Back Eurozone Digital Wallet Framework

By Sanday Chongo Kabange | 12/02/2023

The EU Digital Identity Wallet, expected to go live in 2024, will make it possible to store personal credentials within a single digital ID.

Stablecoins

Visa Reveals Plans to Allow Direct Settlement Using USDC

By Sam Chen | 10/02/2023

Visa has tested the feasibility of accepting large value settlement payments in USDC, using the same process as for foreign currency transactions.

CBDCs

Laos Launches CBDC Proof of Concept with Soramitsu

By Editors | 10/02/2023

The PoC aims to assess how a CBDC can promote financial inclusion, improve cross-border remittances, and modernise Laotian payment systems.

Sustainable Finance

Carbonplace Gets Further Backing from Nine Banks

By Editors | 09/02/2023

The investment will go towards the development of a global carbon credit transaction network that will launch later this year.

Trading & Investment

RBI to Permit Borrowing and Lending of Government Bonds

By Manesh Samtani | 09/02/2023

The RBI also decided to restore pre-pandemic market hours for G-secs and release new guidelines on climate risk and sustainable finance “in a phased manner”.

Trading & Investment

NYSE to Reimburse 60pc of Claims from January Trading Halts

By Editors | 08/02/2023

NYSE clients have been told that losses will be covered for orders posted or routed to NYSE. Loss-making trades triggered on other venues will not be covered.

CBDCs

UK Unveils Roadmap to Potential Digital Pound Issuance

By Manesh Samtani | 08/02/2023

If issued, the digital pound would be subject to strict privacy standards. It would be intended for payments, non-interest-bearing, and subject to an initial cap on holdings.

Cryptocurrency

Thailand Grants Crypto Fund Managers Greater FX Flexibility

By Editors | 07/02/2023

The amendment will give digital asset fund managers greater flexibility to purchase digital assets overseas and make payments for related expenses.

Clearing & Post-Trade

SEBI Proposes to Prevent Brokers from Holding Client Funds Overnight

By Editors | 07/02/2023

SEBI proposes to require trading and clearing members to move all client funds to clearing corporations at the end of each trading day to prevent broker misuse.