The US Department of Commerce has begun posting macroeconomic data on public blockchains – the administration’s latest move in putting its money, or in this case national economic data, where its mouth is as regards embracing the use of innovative technology. Best-known for powering cryptocurrencies such as bitcoin, and increasingly used in fields such as […]|
The State Bank of Pakistan (SBP) has opened applications and announced the themes for the first cohort of a new regulatory sandbox. Sandboxes are (virtual) spaces for projects to experiment with new technology, under relaxed regulatory conditions, while providing regulators with insights to adapt existing rules or create new frameworks to accommodate such innovations. SBP’s […]|
The Commodity Futures Trading Commission (CFTC) is to boost its market surveillance and fraud detection capabilities across traditional and digital asset classes by using surveillance technology supplied by Nasdaq, the Washington DC-headquartered regulator has today announced. The CFTC oversees a broad spectrum of derivatives markets, including fixed-income, commodities and currencies, and event-based markets. The Digital […]|
The US Department of the Treasury has opened a request for comments on ‘innovative or novel methods, techniques or strategies that regulated financial institutions use, or could potentially use, to detect illicit activity involving digital assets.’ The move fulfils a requirement under the relatively high-profile Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), […]|
HM Treasury in the UK is to procure a system that will integrate finance and performance data as part of government plans to ‘rewire the state’.| www.globalgovernmentfintech.com
GLOBAL GOVERNMENT FINTECH LAB 2025: PANEL SESSION FIVE The Global Government Fintech Lab 2025’s fifth panel session heard four perspectives on digital ID and fintech-related innovation, Ian Hall reports Governments around the world are exploring digital identity (ID) initiatives to improve access to public services and cut fraud. The 27 European Union (EU) member states […]|
The US state of Wyoming has this week announced the ‘mainnet’ launch of its own stablecoin – the Frontier Stable Token (FRNT). FRNT is a groundbreaking digital money programme for the public sector as the first fiat-backed, fully-reserved stablecoin issued by a public entity in the US – an eye-catching development given that traditional stablecoins […]|
The stop-start journey towards the introduction of an open banking regulatory regime in the US has taken its latest twist, with fintech and banking representative associations locking horns over so-called ‘account access’ fees. A ‘Personal Financial Data Rights’ rule had been finalised by the Consumer Financial Protection Bureau (CFPB) last October (2024), which looked set to […]|
The Central Bank of Barbados has announced details of an instant payment system (IPS) named BiMPay intended to ‘transform payments’ after its launch in March 2026.| www.globalgovernmentfintech.com
Sixty-nine per cent of supervisory authorities across Europe perceive ‘high or increasing’ money-laundering risks across the financial services landscape and have ‘concerns’ about potentially lax regulatory compliance in parts of the fintech sector, the European Banking Authority (EBA) has warned this week in a report. 2025 constitutes a ‘significant change in the money laundering (ML)/terrorist […]|
Switzerland’s Federal Statistical Office and the Global Legal Entity Identifier Foundation (GLEIF) have teamed up to integrate business registry data directly into the Legal Entity Identifier (LEI) records of Swiss businesses. GLEIF is a non-profit organisation that oversees and champions the use of Legal Entity Identifier (LEIs) – 20-character alpha-numeric codes that enable unique identification of […]|
The Centre for Finance, Innovation and Technology (CFIT) – a UK government-backed organisation set up just under two-and-a-half years ago – has appointed a former innovation head at the UK’s Financial Conduct Authority (FCA) as its next chief executive. Anna Wallace begins her new role at CFIT – a non-profit organisation that describes itself as […]|
Pilot stablecoins backed by the national currency and tokenisation platforms are among the inaugural participants of an eight-strong first wave of projects to be admitted to a regulatory sandbox for digital assets officially launched this week by the National Bank of Kazakhstan (NBK). Sandboxes are (virtual) spaces for projects to test and experiment with new […]|
A government department in New Zealand is on track to procure open banking technology for the first time, having issued a ‘request for proposals’ (RFP) with a deadline of 8 August for aspirant suppliers. Inland Revenue (IR)’s RFP follows its issuance of a request-for-information (RFI) to potentially procure ‘open banking and related technologies’ in February, […]|
UK government-owned savings bank NS&I (National Savings & Investments) is to upgrade its core banking system with a digital, ‘cloud-native’ platform provided by SBS, a France-headquartered financial technology company. NS&I – an arm’s length body of HM Treasury – is best known for its Premium Bonds, whereby bondholders are entered into a monthly draw for […]|
The Bank of England is to “consider” stablecoins’ role in wholesale financial markets innovation through the UK’s Digital Securities Sandbox (DSS), the central bank’s executive director of financial market infrastructure Sasha Mills said in a speech this week.| www.globalgovernmentfintech.com
Global Government Fintech is an independent media and community for professionals exploring and engaging with fintech in the public sector| www.globalgovernmentfintech.com
Donald Trump has directed US government agencies to build ‘centralised tech systems’ to ‘record every payment’ made via grants and contracts.| www.globalgovernmentfintech.com
The prospect of the launch of EU institution-backed digital identity wallets (‘EUDI Wallets’) has taken a step forward after a provisional political agreement.| www.globalgovernmentfintech.com
