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Offline settlements with a digital pound: Lessons from the BoE’s report

The Payments Association

It highlights major trade-offs in security, privacy, and policy that must be addressed before offline CBDC payments can scale. If implemented, offline CBDC capability could introduce new consumer behaviours, shift merchant requirements, and alter the economics of digital payment acceptance. Why is it important?

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APP fraud: Mid-year review

The Payments Association

Jaspreet Kaur Senior consultant, Digital Finance "Consumer protection and fraud prevention needn’t be at odds with one another; one can, instead, complement the other. Such a model enables firms to proactively stay on top of both their consumer protection and their fraud risk management obligations."

Scams 88
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Finovate Global Canada: Mitigating Currency Volatility, Earning Banking Licenses, and More!

Finovate

“The Restricted Dealer registration is a testament to the high bar Kraken has always set for consumer protection, client service, and robust security.” The UAE Central Bank announced a goal of launching a CBDC , the Digital Dirham, for retail use by the end of the year.

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Bitcoin Daily: SEC Alleges John McAfee Fraudulently Promoted ICOs; Bank of Canada: CBDC Would Present Security Risks; Fraudsters Capitalize On Crypto’s Finality

PYMNTS

In other news, the Bank of Canada said an anonymous token-based central bank digital currency (CBDC) would present some specific risks, according to a staff analytical note. The bank said it could change liability rules, design a CBDC to restrict balances or transfers and direct the security procedures selected by aggregation suppliers.

CBDC 81
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Rethinking CBDCs: Addressing design flaws and privacy concerns

The Payments Association

The flaws in prevailing central bank digital currency (CBDC) designs and suggestions for improving them. The designs broadly share a set of characteristics that, by and large, reflect a common set of mistaken assumptions that reveal important flaws in the prevailing CBDC proposals. What is this article about? Why is it important?

Privacy 88
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Here’s How 10 APAC Markets Are Approaching Crypto Regulation

Fintech News

The Reserve Bank of Australia (RBA) also played a crucial role by exploring the concept of retail and wholesale Central Bank Digital Currencies (CBDC) through its eAUD pilot programme , which focused on a wide array of use cases and essential legal aspects. billion Thai Baht (approximately US$75 million).

APACS 132
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Central Bank Of Bahamas To Introduce Digital Currency

PYMNTS

The intent is to start a fully-fledged central bank digital currency (CBDC). While the project takes off in Exuma, the bank will be working to strengthen consumer protection and enact regulations. After its rollout in Exuma, the sand dollar will be released in Abaco in the first half of 2020.