News In Brief - June 2, 2021
The Financial Stability Board (FSB) has published a consultation on global cross-border payment challenges, and is seeking feedback …
Industry Determined To Forge Ahead Despite UK SCA Delay
UK payment firms are being encouraged to stick to the initial timetable for the rollout …
Canada Pushes Back Enforcement Of Crypto AML Regulations
New anti-money laundering (AML) regulations applying to crypto transactions come into force on June 1, …
Governments, Market Leaders Mull Over Digital Currency Future
The Bank of Israel has become the latest institution to accelerate its work on a central …
Omnibus Account Model Raises Eyebrows At Bundesbank - DMI
The Eurosystem must proceed with caution if it is to embark on similar plans to …
Competition Turns Up The Heat For Asia Payments
The payments space in Asia is becoming an increasingly busy place to do business as attention …
ECB Still Bearish On Prospect Of CBDCs Solving Cross-Border Woes - ERA
Cross-border payments remain inefficient and there may not be a solution to the high costs, …
P27 Told It Needs More Action, Less Talk - Finextra
The Nordic cross-border payments vehicle has a lot of momentum, but that has not resulted …
Regulator's Hands Are Tied As It Says Revolut's New Fees Break Law
A proposal by Revolut to raise certain fees, allegedly violating Hungarian law, has shown up …