Kiffmeister’s #Fintech Daily Digest (11/19/2021)

I’ve updated my tabulation of retail central bank digital currency (#CBDC) explorers to include updates out of Australia, India, Peru and Russia. [Click here]

World Economic Forum launches digital currency info resource

The World Economic Forum (WEF) has created a resource suite to help policymakers and the private sector better understand policies and regulations around digital currencies. The main resource is a collection of eight white papers that explore numerous critical topics related to CBDCs and stablecoins, including an evaluation of their value proposition for the under-served, identification of key policy and regulatory actions, and discussion of salient technology considerations and trade-offs. It was produced by the WEF’s Digital Currency Governance Consortium, which includes over 85 private- and public-sector member organizations from over 30 countries. [Read more]

Bank of Russia to Charge Fees for Digital Ruble Transactions

Bank of Russia is reportedly planning to charge fees for all central bank digital currency (CBDC) transactions. However, the fees will be lower than those within Russia’s Faster Payments System (FPS), a service that lets individuals make instant interbank transfers. The FPS system allows users to transfer up to 100,000 rubles ($1,360) with zero commissions. For transfers beyond this amount, the system charges a 0.5% fee of the transfer amount, but no more than 1,500 rubles ($20) per one transfer. [Read more]

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