The Central Bank of Iran is reportedly authorizing banks and licensed foreign exchange shops to use crypto-assets as payments for imports, to mitigate the impact of economic sanctions imposed by the United States. The crypto-assets must derive from mining operations officially licensed by the Iranian Ministry of Industry, Mine and Trade.
The Monetary Authority of Singapore (MAS) published a report on the foundational digital infrastructure necessary for an inclusive digital economy and seamless cross-border transactions around the world, in collaboration with Mastercard and the central banks of Brunei Darussalam, Cambodia, Ghana, and Kenya. The report highlighted four key pillars; digital identity, authorisation and consent, payments interoperability and data exchange standards.
*For those interested in intra-day updates and news that didn’t make the Daily Digest cut, please check out my Diigo fintech bookmarks: https://www.diigo.com/user/kiffmeister/Fintech