New OMFIF working group brings together technologists and regulators The post Driving public blockchain in banking appeared first on OMFIF.| OMFIF
‘Make Intel great again’? The post How chips factor into a de facto US sovereign wealth fund appeared first on OMFIF.| OMFIF
Governments should be wary of the claim The post Do stablecoins increase the net demand for US Treasury securities? appeared first on OMFIF.| OMFIF
The technology industry is notorious for having far more barriers to entry for women, and globally, efforts to create opportunities might not be enough. While progress has been made in some sectors, financial institutions face specific challenges in achieving gender balance within its technology divisions.| OMFIF
While G7 central banks continue to agonise over supplementing physical cash with digital money, and in the case of the US, ban the central bank digital currency version outright, India has surged ahead with a mobile-based payments platform accounting for half the world’s real-time payments in 2023.| OMFIF
Pix, launched in November 2020, is Brazil’s most visible success in financial technology. Designed as a public, open instant payments platform, Pix| OMFIF
While unperturbed by the customary condescension from ‘crypto-native’ digital assets disruptors at closed-door meetings, this person instead came away profoundly unsettled from similar gatherings of central bankers discussing the potentially radical implications of the forthcoming Genius Act – the US stablecoin bill expected to become law in 2025. This was put in motion by Donald Trump’s 23 January executive order, which set out for the US to lead the world in blockchain-based finance...| OMFIF
Roughly 1.4bn adults around the world remain unbanked, with the greatest exclusion concentrated in sub-Saharan Africa and southeast Asia. At the same time, sovereign bonds in these regions are often issued in large denominations and dominated by foreign institutional investors, limiting access for local retail investors and exposing governments to significant foreign exchange risk.| OMFIF