BSP Governor Eli Remolona said the CBDC will operate on the central bank's payment and settlement system and not use blockchain or DLT.
February 13, 2024The regulations cover account issuance, e-money issuance, escrow, cross-border money transfer and merchant acquisition services.
February 6, 2024Taiwan travelers with electronic wallets linked to any of 13 financial institutions can pay South Korean merchants by scanning their TWQR code.
February 2, 2024The transaction was sent to China through the "mBridge" platform, developed by the BIS Innovation Hub, HKMA, CBUAE, BOT, and PBOC.
January 31, 2024FSB said that implementation of its recommendations for crypto assets and careful monitoring are essential for the crypto market.
January 25, 2024The new report highlighted the underutilisation of payments infrastructure in economic crime analysis, citing challenges in policymaking.
January 11, 2024IFSC Banking Units are asked to use Swift GPI and to explore how they can further speed up their processing of cross border payments.
January 10, 2024Hong Kong will implement a licensing regime that will require issuers of fiat-backed stablecoins that meet certain conditions to be licensed by the HKMA.
December 28, 2023Visitors from China can use UnionPay-enabled mobile apps to scan KHQR codes in Cambodia. By early 2024, Cambodian residents will be able to use their Bakong wallets in China.
December 27, 2023Japan's METI and Cambodia's central bank signed an MoC establishing a framework to cooperate on cross-border payment systems using QR Code technology.
December 19, 2023