Bank of Ghana unveils draft crypto exchange rules (Cointelegraph)
The Bank of Ghana (BOG) published draft guidelines on digital asset regulation for feedback from the public and industry stakeholders. The central bank proposes an eight-pillar crypto regulation framework, mainly intensifying the registration and reporting requirements of crypto exchanges or virtual asset service providers (VASPs). The proposed regulations will require crypto exchanges to monitor and report suspicious transactions and comply with the Financial Action Task Force’s (FATF’s) Travel Rule. [Read more at the BOG]
ECB workshop on the future of B2B payments (ECB)
The European Central Bank (ECB) is planning a special focus workshop on innovations in business-to-business (B2B) payments and the role digital central bank money could play on October 9, 2024. The potential of private undertakings such as e-money tokens (e.g., stablecoins), commercial bank money tokens (CBMT) and other, similar forms will also be discussed. The workshop would be an opportunity to gather input from stakeholders on the challenges and needs arising from new uses cases related to B2B payments. It would also provide a forum in which to assess these against the objectives of the ongoing initiatives both of the European payments industry and the Eurosystem’s retail payments strategy and initiatives. [Read more at the ECB]
Upcoming Speaking Engagements:
- Intertribal Foreign Affairs Council Forum 2024, Yidindji, August 30-31. The conference will bring together indigenous nations to showcase the excellence of their governance practices and generate new ideas for the future. I’ll be on a panel focused on the future of money and indigenous financial inclusion. [Find out more and register here]
- CBDC Conference, Istanbul, September 10-12. The conference will offer representatives of central banks, commercial banks, technology providers, policy makers and academics the perfect platform to learn about the latest CBDC developments, exchange ideas with experts and peers. [Find out more and register here][Central bank delegates may be eligible for free registration (email registration@cbdc-conference.com to find out more)]
- Digital Currency Conference, London, September 23-24. The conference will bring together policymakers, regulators, and technology and innovation experts to network and discuss all aspects of digital currencies. And enter the KiffmeisterDCC code at registration to get a 20% discount! [Find out more and register here]
And just a reminder that I produce a monthly digest of central bank digital currency (CBDC) developments exclusively for the official sector. So (only) if you work at a central bank, ministry of finance or international financial institution (e.g., the BIS, IMF, OECD, World Bank) and 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 john@kiffmeister.com.
