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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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Fed Names New Payments Security Leader

PYMNTS

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. Treasury and financial market, among other responsibilities.

Security 112
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Bitcoin Daily: Binance Acquires CoinMarketCap; SEC Seeks Comment On BSTX Rule Change Proposal

PYMNTS

The announcement noted that the Binance digital currency exchange and its BNB native token are listed on the site, but that “CoinMarketCap and Binance are separate entities that maintain a strict policy of independence from one another.”. Brandon Chez, founder of CoinMarketCap, is stepping down as CEO but will stay as an advisor.

Bitcoin 141
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Federal Reserve’s Cunha on the State (and Timeframe) of Digital Dollars

PYMNTS

Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Once that first layer is done the Fed will start to layer on different policy options, he said across two to three years.

Boston 269
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Bain Capital Nets $800M For Business Impact Funding

PYMNTS

Bain Capital has raised $800 million for a social impact fund — a category of investment vehicles whose stated objectives are to advance social or corporate governance policies in addition to turning profits, the Wall Street Journal reported. billion through Nov. 20 compared with $76.2 billion through the same date in 2019. (a)

Capital 188
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Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

PYMNTS

And as PYMNTS has previously reported , the Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure. The Fed, of course, is hardly alone in mulling digital fiat currencies.

Cleveland 330
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EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power

PYMNTS

She said, too, that “an increase in protectionist policies” may present risks in a landscape where foreign payment service firms still hold sway. The comments from the meeting in Germany come as a paper from the ECB found that cash still remains the dominant payment mechanism (at about 76 percent of transactions).

Boston 227