Kiffmeister’s #Fintech Daily Digest (04/12/2021)

I’ve tabulated the key features of the two active central bank digital currency (CBDC) projects in the Caribbean area. The Central Bank of the Bahamas (CBOB) went live with its Sand Dollar on October 21, 2020 after a ten month pilot, and the Eastern Caribbean Central Bank (ECCB) started a twelve month pilot of its DCash on March 31, 2021 on four of the eight island countries under its currency union. The table, and a PDF version that includes the key features of the Central Bank of Uruguay 2017-2018 e-Peso pilot. are posted on the Global Fintech Intelligencer blog.

Ant ordered to restructure by Chinese regulators

The People’s Bank of China (PBOC) has ordered Ant Group to “cut off” the “improper connections” between its payment platform and its financial products. More specifically, told the PBOC told Ant to become a financial holding company that will be regulated more like a bank, eliminate unfair competition in its payments business, end its monopoly on information, improve its corporate governance, and better manage liquidity risks in its major fund products (including downsizing its Yu’ebao money-market fund).