Principles for a global central bank digital currency and a single global payment system
The new global payment system should replace all current payment and settlement arrangements.
Cryptocurrency
Facebook’s Libra could launch as early as January 2021
Novi’s digital wallet is “ready from a product perspective”.
US crypto exchange Gemini banks on ClearBank for UK operations
Gemini launched in the UK two months ago.
TradingView makes UK switch as COVID-19 boosts global users
TradingView has landed six funding rounds totalling $40.8 million.
PayPal weighs up crypto acquisitions following major wallet update
BitGo had a valuation of around $170 million in 2018.
PayPal brings crypto further into mainstream with wallet update
PayPal landed the first conditional crypto licence from the NYSDFS.
Central bank digital currencies – don’t get the popcorn
If the art of the possible is being explored, the art of the valuable remains elusive.
Ternio becomes Visa’s first crypto enablement partner for debit cards
“This shows Visa’s commitment to onboard other companies which develop crypto.”
Crypto exchange Gemini launches in UK armed with EMI licence
UK customers can now make GBP deposits to fund their Gemini account.
Video: Top fintech stories this week – 25 September 2020
FinTech Futures’ weekly news round-up.
OCC issues guidance on US banks’ stablecoin activities
The US regulator issues clarification for FIs dealing with crypto.
Mastercard unveils virtual CBDC testing environment
A switch in tactic from Mastercard, which wasn’t always in favour of CBDCs.
JP Morgan’s blockchain platform Quorum moves to Brooklyn
JP Morgan has also made an undisclosed strategic investment in ConsenSys.
Gemini picks Eventus Systems for trade surveillance
Popular cryptocurrency exchange boosts its monitoring.
Boston Fed collaborates with MIT on digital currency
The partnership will perform technical research related to a central bank digital currency (CBDC).
Facebook forms financial unit led by Libra creator
The new division will cover all financial endeavours by the company.
Goldman appoints Mathew McDermott as head of digital assets
An old-school banker takes a digital currency role at Goldman.
US national banks granted authority to hold crypto for customers
US banks and federal savings associations can offer cryptocurrency custodial services.
Twitter shares slide 4% in wake of unprecedented bitcoin promo hack
The hacked accounts have tens of millions of users.
New York regulator plans to ease cryptocurrency rules
DFS announces batch of changes amid MOU with New York university.
PayPal and Venmo to “allow buys and sells of crypto directly”
It is understood the services will offer “a built-in wallet functionality” so you can store crypto.
US digital banking rules could change as OCC calls for input
But the regulator is not considering a national bank charter for fintechs.
Libra’s Second Wind
Some say slow progress of blockchain adoption is not just because of regulatory hurdles.
Goldman Sachs says crypto is “not a suitable investment” on invite-only call
Bitcoin reclaimed its $10,000 territory on Monday.
Facebook attempts to address concerns expressed by regulators on the original proposal
The tax problems with this proposal identified in our client briefing on Libra 1.0 remain unresolved.
Diebold Nixdorf’s corporate network hit by ransomware attack
ATM provider detected the attack in April, which is says has been dealt with.
What the Fintech? Episode 3 | Digital disruption: Bitcoin and stable coins
Tune in to hear what Gemini’s MD for Europe, Julian Sawyer, thinks about digital currencies.
FSB publishes consultation on stablecoin regulatory challenges
Regulatory body publishes recommendations in response to G20.
Banking Technology April 2020 issue out now
All things equal: Closing the gender gap in fintech.
CFTC publishes final guidance on cryptocurrency actual delivery
The CFTC announces new guidance after lengthily market consultation.
Who owns your data?
The answer to competition is not to block access to customer data.
Banking Technology March 2020 issue out now
Keep calm and carry on: Where does COVID-19 leave the Chinese fintech market?
Explained: Cryptojacking
IT professionals constantly need to look for tell-tale signs in their networks.
The trade in human beings: How financial institutions and tech can have an impact
Banks in particular can do a lot to curb sex trafficking.
Decentralised versus centralised finance: Impacting a global market
Maybe a hybrid of both systems will be the future of finance.
BIS fintech report: More harmonised standards and less TPP reliance
BIS has published a cross-country review on the fintech regulatory landscape.
Video: Top fintech stories this week – 17 January 2020
FinTech Future’s weekly news round-up.
What is the best time to buy cryptocurrencies?
Everything you need to know when investing in cryptocurrency.
UK remittance fintech Paysend secures Canadian MSB licence
The paytech says its card-to-card service is now used by more than 1.2 million customers.
Findexable report: London bests other European fintech hubs despite Brexit
San Francisco secured the top spot – up from eleventh place last year.
