WASHINGTON–The governments of the United States and the United Kingdom said they said they are moving forward on prize challenges to accelerate development and adoption of privacy-enhancing technologies, specifically to help tackle the global challenge of financial crime.
THE globe
CU News From Around the Planet
MADISON, Wis.–The Worldwide Foundation for Credit Unions’ (WFCU) said $100,000 from its Ukrainian Credit Union Displacement Fund is providing targeted aid to farmers faced with an increasing food security crisis brought on by Russia’s war in Ukraine.
LONDON—Cryptocurrency exchanges should lose their licenses in case of severe breaches of anti-money laundering (AML) rules, regulators in the European Union have recommended in a new report.
WASHINGTON—The Institute of International Finance is urging European Union officials exploring the creation of a digital euro to proceed slowly and carefully.
NAIROBI, Kenya—Africa now accounts for 70% of the world’s $1-trillion mobile money value.
BASEL, Switzerland—A Swiss-based think tank is urging greater international cooperation on cryptocurrency regulation.
CALGARY, Alberta–An unknown number of credit unions across Canada were hit by a “cybersecurity incident.”
BASEL, Switzerland—Using distributed-ledger technology (DLT) to cut the cost of cross-border payments requires regulators to stop looking at individual entities like banks, and start looking at the whole decentralized network, according to one new analysis.
LONDON—The Financial Stability Board (FSB) has been asked by the G-7 to develop “consistent and comprehensive” cryptocurrency regulation.
MADISON, Wis.–Credit unions are “not immune” from the dynamic Environmental, Social, and Governance (ESG) risks and opportunities that all organizations are “grappling with,” an issue to be explored in an upcoming World Council of CUs’ webinar.