Payments News

On The Web

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Reports

Survey: Eight in Ten Central Banks Are Now Actively Engaged in Digital Currency Projects

“More than four-fifths of the world’s central banks (86%) are engaged in “some form of work” on a central bank digital currency (CBDC), up from “about one third” in 2019, according to a Bank for International Settlements (BIS) survey. Some 60% are actively conducting experiments or proofs-of-concept and 14% are moving into development and pilot […]
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Reports

Legally Speaking, Is Digital Money Really Money?

“Countries are moving fast toward creating digital currencies. Or, so we hear from various surveys showing an increasing number of central banks making substantial progress towards having an official digital currency. But, in fact, close to 80 percent of the world’s central banks are either not allowed to issue a digital currency under their existing […]

On The Wires

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Reports

LexisNexis Risk Solutions Cybercrime Report Finds Young Adults and Adults Over 75 Most Vulnerable to Fraud Attacks

“LexisNexis® Risk Solutions released its biannual Cybercrime Report covering July 2020 through December 2020, which details how the evolving threat landscape created new opportunities for cybercriminals around the world, particularly as they targeted new online users. Analysis shows that the under 25 age group is most vulnerable to fraud attacks while the oldest age group is second most […]
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Reports

Ready, Steady, Go? – Results of the Third BIS Survey on Central Bank Digital Currency

“Most central banks are exploring central bank digital currencies (CBDCs), and their work continues apace amid the Covid-19 pandemic. This BIS paper updates earlier surveys that asked central banks how their plans in this area are developing. The latest responses show that as a whole, central banks are progressing from conceptual research to practical experimentation. […]
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Reports

ABA Releases Updated White Paper Regarding Cryptocurrencies and Digital Assets

“On January 19, 2021, the American Bar Association (ABA) Derivatives and Futures Law Committee’s Innovative Digital Products and Processes Subcommittee (IDPPS) Jurisdiction Working Group released an update to its comprehensive white paper addressing jurisdictional issues associated with digital products, including cryptocurrencies and other digital assets, and digital p rocesses, such as blockchain. [1] Michael L. Spafford, […]
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