LONDON—At the recent Innovative Finance Global Summit here, the U.K.’s economic secretary, Bim Afolami, announced plans to introduce new laws to regulate the issuance and usage of stablecoins and crypto in the country.
THE globe
CU News From Around the Planet
SAN FRANCISCO—The continued shift to digital channels to send money across borders was evident in Western Union’s first quarter results, according to a new report.
ZAGREB, Croatia–A delegation of Ukrainian credit union professionals participated in a study tour hosted by the Croatian Association of Credit Unions and led by USAID/World Council of Credit Unions’ (WOCCU) Credit for Agriculture Producers (CAP) Project.
GENEVA, Switzerland—There have been significant shifts in global migration patterns, including a record number of displaced people, and one result is a major increase in international remittances, the International Organization for Migration is reporting.
FRANKFURT, Germany—A new study reveals 86% of Germans are open to a Euro central bank digital currency (CBDC).
CAIRNS CITY, Queensland, Australia–A credit union here is alleging its former CEO awarded more than $2 million in unnecessary, “uncommercial” contracts to companies, including one that was owned by his wife.
MADISON, Wis.—Thirty-six laptops and 10 multifunctional printers have been delivered to Ukrainian Credit Unions' Anisiya and PVKS through a partnership the Worldwide Foundation for Credit Unions' (WFCU) said it helped to build.
OTTOWA, Canada—Even as open banking continues to grow around the world, Canada’s federal government is expected to table a second bill on open banking after the 2024 fall economic statement.
MADISON, Wis.—The World Council of Credit Unions (WOCCU) is inviting “emerging credit union leaders” under the age of 40 and women of any age to apply for the 2024 WOCCU Fellowship, which will designate one person from each of those categories to participate in WOCCU board meetings for a period of one year.
TORONTO– Ontario's financial services regulator, FSRA, has issued a warning that a business using the name of Sunray Federal Credit Union (aka Sunray Credit Union) is not a registered credit union in Ontario.