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“We chose Exuma because we wanted to perfect the experience in one of the islands where there is not full access to financial services,” governor John Rolle. “We also liked the structure of Exuma, it has a scattered geography, and it gives us the opportunity to build out and rely on a communications infrastructure for payments transactions.”
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China implemented a new law governing the cryptographic passwords. This law came into effect ahead of the launch of the People’s Bank of China-backed digital currency, which is expected to hit the market this year.
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“The best solution that minimizes negative spillovers is likely not the elimination of cash or the total disintermediation of banks, but a “three-way” financial system in which various payment systems coexist in equilibrium, balancing the needs of all economic participants.”
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Australian authorities have delayed the introduction of Open Banking rules by six months amid concerns over testing and security of the new provisions for account data sharing.
Kiffmeister’s Fintech Daily Digest 01/02/2020
