MADISON, Wis.—The G20 has adopted the G20 Bali Leaders’ Declaration, with the World Council of Credit Unions (WOCCU) saying the decision supports its advocated focus on financial inclusion.
THE globe
CU News From Around the Planet
KATHMANDU, Nepal– The Nepal Federation of Savings and Credit Cooperatives (NEFSCUN) is working with a local software developer to build a multi-tenant, cloud-based enterprise resource planning (ERP) system that will allow member credit unions to automate and manage their core business processes, according to the World Council of Credit Unions (WOCCU).
BRUSSELS, Belgium—Central bank digital currencies (CBDCs) may require a network of international deals to stop state-backed money from infringing on other countries’ sovereignty, according to European Union Commissioner Paolo Gentiloni.
PARIS—The Financial Action Task Force has issued a statement that it not changed the way it monitors digital assets in response to an Al Jazeera report that the intergovernmental organization for tacking money laundering and financing of terrorism is getting ready to "conduct annual checks to ensure countries are enforcing anti-money laundering and terrorist financing rules on crypto providers.
LIMA, Peru—"Enko,” a mobile business development platform in Peru promoting the businesses of Venezuelans and Peruvians participating in the WOCCU Economic Inclusion Project’s (EIP) entrepreneurship development programs, has officially been launched in this country.
HONG KONG—China’s digital yuan performed well during in the world’s largest cross-border central bank digital currency (CBDC) trial to date, according to one new report, which suggests Beijing is seeking to speed up yuan globalization efforts amid rising geopolitical tensions.
BRUSSELS, Belgium—New legislation is being proposed by the European Commission to make instant payments in euros universally available for individuals and businesses with a bank account in the EU and EEA countries.
MOSCOW—The State Duma of the Russian Federal Assembly has voted to reject a draft law on cryptocurrency mining.
BRASILIA, Brazil—Is Latin America the world’s fastest-growing region for fintech companies?
BRUSSELS—Representatives from the European Network of Credit Unions (ENCU) and World Council of Credit Unions (WOCCU) are seeking support this week from the European Parliament, the European Commission and the Council of the European Union (EU) on limiting regulatory burdens on credit unions to help promote access to financial services for everyday Europeans, according to WOCCU.