HM Treasury proposes to give the BOE powers to appoint administrators to oversee insolvency arrangements with failed stablecoin issuers.
June 2, 2022Phase one of CBDC experimentation was conducted from April 2021 to March 2022. The BOJ tested three CBDC ledger design alternatives.
June 1, 2022The first pilot, led by DBS, JP Morgan and Marketnode, will explore potential DeFi applications in wholesale funding markets and help inform regulatory policy.
June 1, 2022Foreign institutional investors in the interbank bond market are allowed to also invest in the Shanghai and Shenzhen exchange bond markets.
May 31, 2022The RBI's directions are expected to curb frauds like card skimming and cloning. The UPI will be used for customer authorisation.
May 26, 2022The RTGS system shall be operated, managed and maintained by the BSP given its recent designation as a systemically important payment system.
May 26, 2022The rules taking effect on 20 June will enable DvP settlement for institutional investors and reduce the reserves settlement participants have to hold.
May 24, 2022Bangladesh Bank has also recently removed pre-set limits on online money transfers between customers' bank accounts.
May 11, 2022Based on an average pre-tax return requirement, a total of 12 banks and 20 credit cooperatives are eligible to apply to open a new branch office in 2022.
April 30, 2022Project CBDCPh will test the use of a wholesale CBDC for large-value financial transactions across a limited number of financial institutions.
April 28, 2022