Emerging markets are at the forefront of the race to develop central bank digital currencies (CBDCs), and all eyes are on China. That’s the main conclusion of a new Bank […]
The global financial infrastructure—a complex network of technical systems provided by central banks, exchanges, clearing houses and securities depositaries—supports trillions of dollars of trading a year and underlies almost all […]
Ten years ago, Indians relied largely on cheques to move money around the country, a legacy of the colonial era. Now India operates the most advanced digital payments system in […]
For the regulators in charge of the global financial market’s infrastructure, new technologies are prompting a fundamental rethink of how payments and securities trades are settled. Now the Committee for […]
Last week the general manager of the Bank for International Settlements (BIS), Agustín Carstens, made a spirited defence of central banks’ role in the global monetary system. “The monetary and […]
It’s time to level the playing field between technology firms and finance incumbents, say policymakers. Along with healthcare, transport and energy, finance is one of the most heavily regulated sectors […]
Contactless payments using cards and mobile devices now drive a significant share of global commerce. But security flaws in contactless technology are leaving the doors wide open to fraudsters, claim […]
Facebook’s Libra project, announced this summer, shook up politicians and regulators by showing how quickly the digital money race is accelerating. To understand what’s going on, we need to look […]
There’s a country out there that’s invisible to most of us. It’s called Moneyland. This country doesn’t discriminate against outsiders. It’s open to anyone, so long as they can afford […]
Facebook’s ambitious plans for a new cryptocurrency called Libra may be bogged down by heavy government scrutiny and the withdrawal of key partners from the project. But that isn’t stopping […]
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