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For some including France and Germany, the payments initiative is also the best antidote to slow progress on launching a digital euro.

The Bundesbank and the Banque de France have urged EU policymakers not to get too fixated with the ECB’s experiments to introduce a central bank digital currency — a process that’ll take years. They say instant payments through EPI could be less than a year away.

From European banks debate rival to US payment giants – POLITICO:

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Ethereum creator Vitalik Buterin criticized El Salvador president Nayib Bukele on Friday for forcing businesses in the country to adopt bitcoin. Buterin also called out “Bitcoin maximalists” for supporting Bukele.

From Buterin calls out ‘Bitcoin maximalists’ for supporting El Salvador president.

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“However, additional policy measures, some requiring legislative change, are likely to be needed to mitigate the financial stability risks stemming from concentration in the provision of some third-party services.”

Measures should include an ability to designate some third parties as ‘critical’, meaning they would be required to meet ‘resilience’ standards which would be regularly tested.

From New Rules Needed to Deal With Risks From Cloud Computing: Bank of England:

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Turning first to Sopnendu Mohanty, chief fintech officer for the Monetary Authority of Singapore, Carr questioned what digital identity means to Mohanty, and about the most exciting developments being seen in the space.

Mohanty explained that throughout Singapore’s journey in the space, identity has been adopted in a digital-first manner in light of the digital economy.

He added that ‘Singpass’ is one of four elements of Singapore’s foundational digital infrastructure, comprising: the trusted digital identity, a trusted data exchange platform, a highly interoperable payment system, and a data consent system.

From Sibos 2021: Digital identity for an interoperable and accessible future:

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An F.B.I. affidavit described the Toebbes as employing somewhat sophisticated encryption methods but extremely sloppy practices as they communicated with who they thought were representatives of a foreign power but turned out to be F.B.I. agents.

From Navy Nuclear Engineer Attempted Espionage, FBI Says – The New York Times:

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They insisted on careful use of cryptocurrency and encrypted their messages, but they were lured into depositing the information, usually on small digital cards, at sites where they could be easily observed.

From Navy Nuclear Engineer Attempted Espionage, FBI Says – The New York Times:

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There are also about 6​ per cent of people who are effectively unbanked, and who needed cash to survive.

From Should banks be forced by law to supply cash to customers? | Stuff.co.nz:

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“In France, merchants face the prospect of fines if they do not accept cash,” the bank says.

New Zealand has been experiencing a “cash paradox” where, while the amount of cash used for transactions continued to fall, despite the amount of cash in the hands of the public continued to rise.

From Should banks be forced by law to supply cash to customers? | Stuff.co.nz:

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Walletmor, the British-Polish paytech start up, has announced that its payment implant will be rolled out across Europe, with nearly 400 people already using it. The biologically safe payment implant is installed under the skin, allowing the user to replace their bulky wallet with a convenient alternative to a credit card. Walletmor – with certified ISO bio-compatibility – is available to every resident of the European Economic Area for 199 Euro.

From Walletmor Introduces a Payment Implant Chip To Allow For Cardless Payments | The Fintech Times:

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“I personally think that Bitcoin is worthless,” Dimon said. “Our clients are adults, they disagree, that’s what makes markets, so if they want to have access to buy yourself Bitcoin, we can’t custody it but we can give them legitimate, as-clean-as-possible access.”

From StanChart’s Jose Vinals Says Reshoring Concerns Are ‘Overblown’: IIF Update – Bloomberg:

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