Finextra: Third of central banks delay CBDC timelines
Nearly a third of central banks have delayed their CBDC timelines.
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Crypto
Crypto.news: Elon Musk’s X to partner Visa for X Money payments
Elon Musk is progressing toward enabling payment functionality for X users by partnering with Visa and expecting to launch in 2025.
Finextra: Crypto ownership continues to rise in the UK
More than one in ten Brits now own cryptocurrency, according to research from the Financial Conduct Authority.
Finextra: CFTC orders FTX to pay customers $12.7 billion
FTX has been ordered by the U.S. Commodity Futures Trading Commission to pay $12.7 billion to FTX customers and victims of its fraud, the largest recovery in CFTC history.
Finextra: BofE and BIS develop tech to monitor stablecoin reserves
The Bank of England and the BIS Innovation Hub have developed a system that gives supervisors near real time data about stablecoins’ liabilities and their reserve assets.
Financial News: FCA reaches 100 crypto staff in digital assets hiring drive
The Financial Conduct Authority has bulked up its crypto staffing as it takes on new challenges in the digital asset space.
Crowdfund Insider: ClearBank Selected by Poundtoken for Banking Services, Will Hold Stablecoin Reserves at Bank of England
ClearBank announced it has been selected by Poundtoken to provide banking services, allowing it to hold its fiat-backed stablecoin reserves at the Bank of England.
Finextra: Wholesale, not retail, CBDCs more likely to be issued in near-term – BIS
Wholesale, not retail, CBDCs more likely to be issued in near-term according to the Bank for International Settlements – BIS.
Finextra: EU expands AML regulation impacting cryptocurrency compliance
The European Parliament has voted to adopt a package of laws to strengthen the EU’s AML and terrorist financing toolkit, with a particular impact on the cryptocurrency industry.
Finextra: US falling behind peers on CBDC progress, warns think tank
This is not surprising given the current political environment in the US at the moment.