Japan Post Bank to Consider Handling Tokenized Deposits (JPB)
Japan Post Bank (JPB) is considering offering blockchain-based tokenized deposits to customers by March 31, 2026 (the end of its fiscal year), aiming to enable instant and transparent settlement of non-fungible tokens (NFTs) and securities tokens. They will be eligible for deposit insurance. They will use a platform provided by DeCurret DCP. [Source: JPB]
Paypal Glitch – Direct Debits Worth Billions Stopped (SZ)
According to Sueddeutsche Zeitung (SZ) a significant technical failure in PayPal’s security system recently (in late August 2025) allowed direct debit transactions to go through without the usual fraud checks, prompting banks to halt billions of euros in payments to prevent potential fraud. This disruption primarily affected German customers and merchants, causing delays in legitimate transactions. Although PayPal states the issue has been fixed and systems are back to normal, consumer advocates recommend users check their accounts for unauthorized debits. European regulations allow for easy reversal of unauthorized payments, and regulatory authorities in Luxembourg, where PayPal Europe is based, have been notified about the incident. PayPal is a crucial online payment provider in Germany, making this outage especially impactful for the region. [Source: SZ]
Upcoming Speaking Engagements:
The CB+DC Conference (Nassau, Bahamas, September 9-11) is a premier gathering centered on CBDCs, tokenized assets, and stablecoins. It provides a forum for central bankers, commercial bankers, technology innovators, policymakers, and academics to explore the latest advancements in digital currency, engage with experts and peers, and discuss the future of digital currency. [Register here but before you do, email me at john@kiffmeister.com for a 15% discount]
Stablecoin NYC 2025 (New York City on November 14-15) will be the definitive conference for exploring the future of digital money and intelligent payments. The event brings together founders, C-level executives, investors, policymakers, and developers for two immersive days of talks, panels, and networking. This be the place to be if you’re building, backing, or regulating the next wave of programmable finance. [Register here]
I produce a monthly digest of digital fiat currency (DFC) developments exclusively for the official sector (e.g., central banks, ministries of finance and international financial institution (e.g., the BIS, IMF, OECD, World Bank)) plus academics and firms that are active in the DFC space (commercial banks, technology providers, consultants, etc.). (DFCs include central bank digital currency (CBDC), stablecoins and tokenized deposits.) It goes out via email on the first business day of every month, and if you’re interested in being on the mailing list, please email me at john@kiffmeister.com.
