CBDC News

Fifth BIS Innovation Hub Opens in New York

The latest Bank for International Settlements (BIS) Innovation Hub has been opened by the Federal Reserve Bank of New York, joining Hong Kong, London, Singapore and Switzerland. The role of the Innovation Hubs is to validate, design, build, and launch new fintech products and services for the central bank community. The public and private sectors will work together focusing on supervisory and regulatory technology; financial markets infrastructures; future of money; open finance; and climate risk.

Indian Ban on Cryptocurrencies May Be Avoided

Indian media report that the Indian government has pulled back from banning cryptocurrencies outright but will regulate their use within India. In November the Finance Minister said a bill was being re-worked to cater for rapid changes in the industry.