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Australia Central Bank Sees No ‘Public Policy’ Case For CBDC (For Now)

PYMNTS

In notes on its most recent (August) meeting of the bank’s Payments System Board, the members said that “at present there is not a strong public-policy case for issuance in Australia, given that the electronic payments system in Australia compares very favorably with those in many other countries and access to cash remains good.”.

Policies 181
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Bitcoin Daily: Binance Acquires CoinMarketCap; SEC Seeks Comment On BSTX Rule Change Proposal

PYMNTS

CoinMarketCap, which is a source for digital currency prices and exchange trading volume, will be kept operating as an independent business entity. Securities and Exchange Commission (SEC) is lengthening its timeframe to approve or reject operations by a tZERO-affiliated security token exchange, per a release.

Bitcoin 141
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CEO Atul Gawande Takes New Role At Haven Heathcare Joint Venture

PYMNTS

Atul Gawande will resign as Haven’s CEO to serve as chairman of its board of directors, the Boston-based organization announced on Wednesday (May 13). It will also enable me to devote time to policy and activities addressing the immediate and long-term threats to health and health systems from COVID-19.”. s Optum unit.

Boston 130
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New York Threatens NYC Restaurant Closures As State Prepares For Second Outbreak

PYMNTS

” The current policy in the state is to close restaurants after three violations. Boston-based Petit Robert Bistro owner Loic Le Garrec said in a recent PYMNTS interview that he’d been trying to stay safe in reopening through temperature checks. It’s dangerous. It’s selfish. It’s unacceptable.”

New York 141
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Fed Names New Payments Security Leader

PYMNTS

Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. Montgomery will also retain his position at the Boston Fed, where he focuses on services for the U.S. Treasury and financial market, among other responsibilities.

Security 112
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John Hancock Insurance Review: Great Discounts With Wellness Programs

MyBankTracker

The company’s core product offerings revolve around insurance and operates as a subsidiary of a Canadian-based company called Manulife. John Hancock, also known as The John Hancock Life Insurance Company, was founded in 1862 with operations based mainly in Boston, Massachusetts. Background on John Hancock.

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Central Banks See Digital Fiat As Complement To Cash, Not Replacement

PYMNTS

These principles include that CBDC do not impede monetary policy and “coexist with cash and robust private money.”. And at a high level, according to the publication, the BIS noted that across the far-flung efforts being explored in various countries, “common objectives allow common principles to be agreed.”

Boston 233