THE globe

SINGAPORE —Credit unions must adapt to a new world in which “no one controls anything anymore-except the customer,” according to one expert.

SINGAPORE–The World Credit Union Conference, with more 1,400 people representing 58 countries, has held its first full day of meetings here where it also presented its highest honors.

LONDON–How employers can partner with credit unions to address the financial stresses many of their employees are feeling is the subject of a new video released by the Association of British Credit Unions (ABCUL).

BUENOS AIRES, Argentina—One of the biggest credit card issuers in Argentina, Naranja, has just signed a memorandum of understanding with Ripio Credit Network (RCN) to explore the possibility of using blockchain technology to record different credit lines. 

HAMILTON, Bermuda—The government of Bermuda has announced plans to add amendments to the Banking Act in order to establish a new class of bank to render services to local fintech and blockchain organizations.

AUCKLAND, N.Z.–New Zealand’s credit unions are hailing the passage of legislation in this country. Co-op Money NZ, the industry association for credit unions, said the unanimous passing in Parliament of the third reading of the Friendly Societies and Credit Unions Bill is a significant milestone and endorsement for the future of the New Zealand credit union sector.

BRUSSELS, Belgium—The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has released a 30-page report on cryptocurrency titled “Virtual Currencies and Central Banks’ Monetary Policy: Challenges Ahead.”

London Mutual Joins Forces With Other CUs In Program for Armed Forces

LONDON–London Mutual Credit Union has launched a dedicated new financial support service for military personnel. The service launched in conjunction with Armed Forces Day.

NASSAU, Bahamas—The Central Bank of the Bahamas is planning to introduce a government-backed pilot digital currency.