The legal basis for transatlantic data transfers has been uncertain since 2020, after the EU-US Privacy Shield was declared invalid under EU law.
October 11, 2022To avoid the disintermediation of banks, which would impede credit creation, the RBI suggested the CBDC would likely be non-interest bearing.
October 10, 2022Consumers would be able to instruct businesses to make payments, open and close accounts, switch providers, and update personal details on their behalf.
September 30, 2022Australian Prime Minister Anthony Albanese said the Optus breach was a "huge wake-up call" for the corporate sector.
September 27, 2022DTCC outlines steps firms should take to prepare for the emergence of new post-quantum cryptography standards. Final standards are scheduled for 2024.
September 23, 2022US persons may request a specific licence from OFAC to complete transactions involving sanctioned crypto mixer Tornado Cash.
September 19, 2022The guidelines are applicable to existing customers availing fresh loans and new customers getting onboarded. Existing digital loans must be in compliance by 30 November.
September 6, 2022Dutch authorities arrested a software developer of crypto mixer Tornado Cash last week. Two others were reportedly arrested in the US and Estonia.
August 16, 2022Philip Keller outlines key considerations for banks when establishing a protocol to ensure data can only be shared in a safe, reliable, timely, and complete manner.
August 15, 2022A CBDC track has been added to Global Fast Track 2022. Banks, fintechs and tech firms are asked to submit innovative solutions in eight focus areas.
August 11, 2022