Central Bank

Russian Central Bank Ends FX Competition
Russian Central Bank Ends FX Competition
December 28, 2018  |  B2B Payments

The Central Bank of the Russian Federation (CBR) announced that it has revoked the licenses of five Russian foreign exchange (FX) trading companies. According to...

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Sweden’s Central Bank Favors Digital Currency
Sweden’s Central Bank Favors Digital Currency
October 26, 2018  |  Europe

As the Riksbank seeks to adapt to a society that is turning to cashless payment methods, the Swedish central bank is considering issuing a digital currency....

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WhatsApp Caves To India Payments Data Demands
WhatsApp Caves To India Payments Data Demands
October 09, 2018  |  Regulation

WhatsApp, Facebook’s messaging app that is trying to make inroads in the digital payments market in India, has created a system to store payment data...

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Companies, Individuals In China Can’t Discriminate Against Cash
Companies, Individuals In China Can’t Discriminate Against Cash
July 13, 2018  |  Cash

China’s central bank said Friday (July 13) that companies and individuals have to accept cash payments, but that the rule isn’t being applied to online payments...

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India Could Relax Rules On Data With Payment Companies
India Could Relax Rules On Data With Payment Companies
July 11, 2018  |  Regulation

The Ministry of Finance in India is proposing that the government relax a directive that would require global payment firms to store the data of...

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Japan, Hong Kong Central Banks Link For Faster Payments
Japan, Hong Kong Central Banks Link For Faster Payments
April 11, 2018  |  B2B Payments

The central banks of Japan and Hong Kong are interconnecting their systems to support faster cross-border payments and trade between the two markets, according to...

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Some Swedes Contend Cashless Society Puts The Country At Risk
Some Swedes Contend Cashless Society Puts The Country At Risk
April 04, 2018  |  Digital Payments

While most Swedes have embraced the movement toward a cashless society, there is a growing number who are worried about the rush, with concerns being...

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Bangladesh Central Bank Continues Heist Recovery Efforts In Philippines
Bangladesh Central Bank Continues Heist Recovery Efforts In Philippines
September 05, 2017  |  Security & Fraud

In continued efforts tied to an investigation of $81 million stolen from Bangladesh’s central bank, the entity is sending officials to the Philippines to try...

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Russian Central Bank Testing Digital Currencies
Russian Central Bank Testing Digital Currencies
June 05, 2017  |  Payment Methods

Russia is getting more into digital currency with the central bank in the country launching tests of several digital currency schemes. According to a report...

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