Kiffmeister’s #Fintech Daily Digest (04/27/2021)*

Iran’s central bank says officially mined crypto can be used to pay for imports

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.   

MAS report on critical infrastructure for an inclusive digital economy

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. 

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