NAB plans allow clients to use the stablecoin for repo transactions, cross-border remittances, and carbon credits trading.
January 20, 2023New paper from the BIS, IMF and World Bank assesses the benefits and challenges associated with using multilateral platforms for cross-border payments.
January 20, 2023The BSP is testing large value CBDC transactions among a limited number of FIs. A retail CBDC is not being explored.
January 20, 2023The first paper calls for effective regulation to gain payments-related benefits. The second highlights concentration risks applicable to stablecoins and their holders.
December 27, 2022Swift outlines progress made in 2022 toward the G20’s goals for enhancing cross-border payments, including through CBDC experimentation.
December 1, 2022ZA Bank will offer a “hassle-free service to users, without worrying about any foreign exchange markup, hidden charges and transfer progress."
November 24, 2022The KPIs will help to measure progress towards achieving quantitative global targets for enhancing cross-border payments, the FSB said.
November 18, 2022The MoU is the first that brings together multiple ASEAN central banks under a single multilateral agreement to enhance cross-border payments.
November 15, 2022The FSB is concerned with record-high debt levels, structural vulnerabilities in crypto, and climate-related financial risks.
November 14, 2022"Project Cedar Phase II x Ubin+" will seek to enhance designs for atomic settlement of cross-border cross-currency transactions, leveraging wholesale CBDCs as a settlement asset.
November 11, 2022