LONDON—The United Kingdom’s Financial Conduct Authority (FCA) has issued a "final warning" to firms promoting cryptoassets to U.K. consumers, telling the companies to prepare for a “cryptoassets financial promotion regime.”
THE globe
CU News From Around the Planet
DUBAI, UAE—The Dubai International Financial Centre (DIFC) has proposed to enact a new law to regulate digital assets, as it seeks to keep pace with the rapid developments in the financial markets, according to a new report.
ST. JOHN’S, Newfoundland–The provincial government of Newfoundland and Labrador has entered into a partnership with credit unions on a two-year pilot program to help small business.
MANCHESTER, England—Great Britain’s finance minister, Jeremy Hunt, said the Bank of England would "probably need" to issue a digital currency, although the issue was still being discussed with the central bank.
DUBLIN, Ireland–Credit unions in this country will be able to take part in larger loan syndications and the creation of corporate credit unions would be permitted under proposed new legislation.
MADISON, Wis.—Registration has opened for the 2024 World Credit Union Conference (WCUC), which is being cohosted by the World Council of Credit Unions (WOCCU) and CUNA at the Boston Convention Center July 21-24, 2024.
BASEL, Switzerland—The Bank of International Settlements has concluded its CBDC pilot and said that decentralized finance elements could bring about a “new generation” of financial market infrastructure.
SOPOT, Poland–The Via Stella Foundation, the joint initiative between credit unions in the U.S. and Poland that has been providing help to Ukrainian refugees and credit unions, has donated a small van to an orphanage that is home to Ukrainian children who have been evacuated to Poland due to the war.
BASEL, Switzerland—Legal frameworks ensuring user privacy and the freedom to choose between central bank digital currencies (CBDCs) and other forms of money will be key in driving CBDC adoption, according to a new report.
FRANKFURT, Germany–The European Central Bank said it is now exploring ways to use artificial intelligence to better understand inflation and to support its regulation of big banks.