The Bank for International Settlements (BIS) is urging central bank digital currencies (CBDCs) via technological advances as a way to address inefficiencies in cross-border payments.
Read our round-up of some of the news stories impacting the corporate treasury community in Asia. Today: in pursuit of a digital yuan; Clearstream appoints treasury chief; and AML survey urges government action.
Federal Reserve and European Central Bank among institutions that contributed to report laying out key requirements for CBDCs. China’s PBOC wasn’t involved.
Keenly awaited by corporate treasurers, a central bank digital currency between Hong Kong and Thailand has taken a further step towards becoming a reality.
Tether, the most popular stablecoin, is under investigation for fraud by the New York attorney general. Meanwhile, Facebook is moving ahead on plans for a new global digital currency
