LONDON—A new study is raising concerns over the commitment of U.K. cryptocurrency firms when it comes to effective customer verification.
THE globe
CU News From Around the Planet
QUITO, Ecuador— Nearly 40% of Venezuelan refugees and migrants who arrived in Ecuador with professional certifications are still unemployed, with just 19% successfully revalidating those certifications in their new host country, according to a new research study conducted by the USAID/World Council of Credit Unions (WOCCU) Economic Inclusion Project (EIP).
WASHINGTON—The Financial Stability Board (FSB) has released new guidelines for global regulators, including a demand for stablecoin issuers to obtain local licenses before operating in specific jurisdictions.
DUBAI, UAE—The fintech industry in the Middle East is growing rapidly and could triple by 2025, a new report suggests.
LONDON—The move toward faster payments is accelerating among credit unions in the United Kingdom.
SEOUL, South Korea—The Bank of Korea is gearing up for a pilot of its central bank digital currency, and it has chosen three regions to be part of the historic test.
MEXICO CITY—Remittances to Mexico totaled $5.57 billion in June, just under the all-time high reached the month before, but that figure is dampened in real terms due to the sharp appreciation of the peso against the dollar, Reuters reported.
MADISON, Wis —The Global Women’s Leadership Network has named its 2023 Empowerment Grant winners: Enkhchimeg Nergui, partnership specialist with the Mongolian National Confederation of Credit Unions; and Violet Ndungu, CEO of Muki Sacco in Kenya.
BASEL, Switzerland—The Financial Stability Board (FSB) has published its global regulatory framework for crypto-asset activities to promote the” comprehensiveness and international consistency of regulatory and supervisory approaches.”
MADISON, Wis. –TruStage said it has signed a Memorandum of Understanding (MOU) with the African Confederation of Co-operative Savings and Credit Associations (ACCOSCA).