Kiffmeister’s #Fintech Daily Digest (20220818)

Colombia planning to launch digital currency to curb tax evasion

The Colombian government is reportedly planning to launch a digital currency to curb tax evasion and enhance the traceability of citizens’ transactions, according to Luis Carlos Reyes, head of Dirección de Impuestos y Aduanas Nacionales (DIAN), the country’s tax authority. Some news services are reporting this to be central bank digital currency (#CBDC) but no mention of central bank involvement has been made yet, so for now it looks more like a #GovCoin. [Read more at SEMANA]

Tether Swaps Accounting Firms, Says It Will Publish Monthly Attestation on Stablecoin Backing

Tether began working with BDO Italia, a top five ranked global independent public accounting firm, in July 2022 for its quarterly attestations. With this alignment, Tether will also focus on moving towards releasing attestations of the reserves backing its USDT stablecoin from a quarterly basis to monthly reports. [Read more at Tether]

Discounted tickets available for CBDC Think Tank masterclass

The CBDC Think Tank, in partnership with the International Monetary Fund and George Washington University, is hosting a full-day in-person CBDC Masterclass on October 12 in Washington DC. The sessions are designed as instructional deep dives with full presentations and Q&A components.  Ticket prices are as low as $199 and you can save 30% by entering KIFFMEISTER where the registration page asks for a discount code. [Register here]

Also, the CBDC Think Tank, in partnership with Georgetown University and the DC FinTech Week, is hosting a FREE Digital Currency Lecture Series, a set of digital currency lightning talks delivered by subject matter experts, on October 14 in Washington DC. [Request an invite here]

Kiffmeister’s Global Central Bank Digital Currency Monthly Monitor

Just a reminder that I produce a monthly digest of central bank digital currency (CBDC) developments exclusively for the official sector. So for any of you out there who work for a central bank, ministry of finance or international financial institution who would like to receive it by email on the first business day of every month, please DM me on LinkedIn or email me at chronicles@kiffmeister.com.