Tag: Global
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Norway’s Central Bank Pumps The Brakes On Digital Krone — For Now
In a statement Wednesday, Norges Bank said it does not currently recommend introducing a central bank digital currency (CBDC). The bank recently weighed whether a state-backed digital krone is necessary to ensure payments in…
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Visa & Mastercard run the money rails — and they’re not going anywher
Visa and Mastercard sit at the beating heart of global shopping — moving trillions of dollars, powering e-commerce, and keeping travel and day-to-day spending humming. They don’t lend you a dime, but they still…
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China Ramps Up “War on Crypto”: Beijing Brands All Virtual Currency Activity Illegal Finance
China’s central bank has doubled down on its war against crypto, declaring once again that all virtual currency business is illegal finance and ordering regulators and law-enforcement agencies to intensify the crackdown.The PBOC statement…
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BIS Taps IMF Digital Cash Heavyweight to Turbocharge CBDC Push
The Bank for International Settlements has appointed IMF digital money chief Tommaso Mancini-Griffoli—an outspoken advocate for regulated, public-backed digital currencies—to lead its Innovation Hub starting in March 2026, signaling a decisive shift toward CBDCs,…
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Cross-Border Payments Hit Turning Point as ISO 20022 Becomes the New Global Language
On 22 November, the global financial community completed its migration to ISO 20022 as the common standard for cross-border payments, ending the coexistence phase with legacy MT messages. This marks one of the biggest…