Kiffmeister’s #Fintech Daily Digest (07/13/2021)*

The CBDC Tracker team, which I recently joined, has released a new update of its comprehensive open source central bank digital currency (CBDC) database. Along with updated project information, many changes have been made to make it a more accurate, comprehensive, timely, and useful tool for CBDC research.

UAE Central Bank sets sights on digital currency launch

The Central Bank of the United Arab Emirates (CBUAE) has reportedly made central bank digital currency (CBDC) issuance a priority in its 2023-2026 roadmap. However, I’ve found no evidence of this roadmap on the CBUAE website, and we don’t know whether the focus will be on retail or wholesale CBDC.


Crypto crackdown targeting USD access points has begun: Caitlin Long

Avanti Bank & Trust CEO Caitlin Long has declared that the US regulatory crackdown on crypto “has begun.” She predicted that authorities will not target crypto-assets directly, instead opting to go after “intermediaries” and “access points” for U.S. dollars into the sector. She also noted that July 13 marked the “key event” in which the comment period for the Federal Reserve’s proposed payment system access guidelines ended. Caitlin emphasized the importance of ensuring crypto firms are able to gain direct access to Fed master accounts.

*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