Tagged: central bank

August 3, 2026 @ 3:22 am By Omar Faridi  |  

A coalition of global financial institutions and central banks has successfully finished real-value testing under Project Agorá, an initiative examining how tokenization can streamline wholesale cross-border payments. The trials, coordinated by the Bank for International Settlements Innovation Hub, involved processing genuine monetary transfers using digital… Read More

July 4, 2026 @ 4:50 pm By Omar Faridi  |  

Russia’s central bank has completed all necessary preparations for the large-scale rollout of its digital ruble, with support for transactions set to begin on September 1, 2026. Bank of Russia Governor Elvira Nabiullina confirmed during a recent financial congress that the technological infrastructure is fully… Read More

June 21, 2026 @ 4:38 pm By Omar Faridi  |  

Mexico’s central bank, Banco de México (Banxico), released new regulations on June 18, 2026, aimed at making electronic transactions smoother and expanding access for small businesses. The measures introduce a new type of simplified deposit account and raise transaction limits, with the goal of reducing… Read More

March 12, 2026 @ 2:50 am By Omar Faridi  |  

Ireland’s financial regulator took important steps to balance cutting-edge technology with robust consumer safeguards. The Central Bank of Ireland released key updates that signal its proactive approach to shaping the future of finance while keeping the public at the center of its mission. Recently, the… Read More

March 3, 2026 @ 12:11 am By Omar Faridi  |  

The Central Bank of Ireland released several key announcements that highlight its focus on financial stability, consumer protection, and long-term economic growth amid evolving global challenges. These updates address regulatory oversight, cash accessibility, central banking principles, and sustainable investment, reflecting the bank‘s proactive stance in… Read More

February 20, 2026 @ 2:37 am By Omar Faridi  |  

In closely timed addresses this month, senior officials at the Central Bank of Ireland have underscored the urgent need for Ireland to strengthen its economic foundations amid heightened global uncertainty. Governor Gabriel Makhlouf and Deputy Governor Vasileios Madouros emphasised that while the Irish economy enters… Read More

February 3, 2026 @ 10:16 pm By Omar Faridi  |  

Brazil has introduced a groundbreaking piece of legislation aimed at overhauling the rules governing its foreign exchange market and international capital flows. Signed into law by the president on December 29, 2021, and officially enacted as Law No. 14,286, this reform seeks to update and… Read More

January 22, 2026 @ 2:17 pm By Omar Faridi  |  

Brazil’s central bank has ordered the extrajudicial liquidation of Will Financeira SA Crédito, Financiamento e Investimento, commonly known as Will Bank, a digital banking fintech previously under the control of the now-defunct Banco Master SA. This move marks a significant escalation in the repercussions stemming… Read More

January 17, 2026 @ 9:33 am By Omar Faridi  |  

The Central Bank of Ireland has been actively advancing its regulatory landscape and fostering innovation in the financial sector. In late 2025 and early 2026, the institution unveiled key initiatives that highlight its focus on efficiency, collaboration, and new approaches to enabling frictionless payments and… Read More

December 11, 2025 @ 8:29 am By Omar Faridi  |  

As major jurisdictions across the globe continue exploring the feasibility and effectiveness of central bank digital currencies (CBDCs), 2025 has seen a notable shift in emphasis from relatively early retail-payment pilots toward broader infrastructure, cross-border initiatives as well as strategic policy objectives. For the United… Read More

December 6, 2025 @ 5:00 pm By Omar Faridi  |  

Digitalization and geopolitical tensions are now increasingly said to be shaping developments in the payments market, according to an update from Sweden’s Riksbank. Blockchain / distributed ledger technology (DLT) and the tokenization of various assets are now creating both new opportunities and potential risks. The… Read More

October 13, 2025 @ 3:33 pm By Omar Faridi  |  

Sweden’s Riksbank as well as key representatives from the payment market have reportedly reached an agreement in order to increase the possibility to make offline card payments for essential goods. According to the latest update from the Riksbank, the agreement is considered to be a… Read More

September 9, 2025 @ 12:33 pm By Omar Faridi  |  

Banco Central do Brasil (BCB) has solidified its position as a global enabler of digital financial services and sustainability with two significant developments: the release of its report on climate risks and social opportunities, and the steady performance of its instant payment system, Pix. These… Read More

August 20, 2025 @ 8:20 am By Omar Faridi  |  

A significant regulatory update approved by Brazil’s National Monetary Council (CMN) took effect, allowing a single property to be used as collateral in multiple credit transactions. This measure, outlined in CMN Resolution No. 5,197 builds on provisions introduced by Law No. 14,711 and aims to… Read More

July 7, 2025 @ 9:08 pm By Omar Faridi  |  

Sweden’s central bank, Sveriges Riksbank, has introduced significant initiatives to strengthen its financial systems and enhance monetary policy communication. These updates reflect the Riksbank’s commitment to resilience, transparency, and adaptability in a rapidly evolving global economic ecosystem. This month, the Riksbank proposed new regulations requiring… Read More

July 1, 2025 @ 10:25 am By Omar Faridi  |  

The Banco Central do Brasil (BCB), Brazil’s central bank, has recently announced a series of significant updates that confirm its commitment to fostering financial stability, transparency, and innovation in the country’s financial system. These updates cover new regulations for credit fintechs, the issuance of digital… Read More

July 1, 2025 @ 2:24 am By Omar Faridi  |  

In a fast-evolving global economic landscape, Sweden’s central bank, Sveriges Riksbank, has taken steps to adapt its strategies to ensure economic stability and effective monetary policy. Recent developments highlight the Riksbank’s proactive approach: a speech by First Deputy Governor Anna Breman on innovative monetary policy… Read More

June 13, 2025 @ 3:26 pm By Omar Faridi  |  

In 2024, Brazil’s payment landscape underwent a significant transformation, with Pix and cards emerging as the most widely used payment instruments, according to a recent report from the Banco Central do Brasil (BCB). This shift highlights the country’s rapid adoption of digital and instant payment… Read More

May 31, 2025 @ 3:08 pm By Omar Faridi  |  

The Banco Central do Brasil (BCB) announced a significant update to its regulatory framework, aimed at bolstering financial inclusion and modernizing access to banking services across Brazil. This move reflects the BCB’s ongoing commitment to fostering a more inclusive, efficient, and accessible financial system, particularly… Read More

April 30, 2025 @ 3:15 pm By Omar Faridi  |  

The global financial landscape is undergoing a shift, with central bank digital currencies (CBDCs) projected to facilitate $213 billion in transactions by 2030. As central banks worldwide race to design the future of public money, a new report, Hyperledger in Action: Central Bank Digital Currencies… Read More