Business

US in no hurry to develop digital dollar: Fed's Powell

The US central bank is researching a possible cyber-dollar, but will move slowly to ensure it first addresses the risks of fraud and counterfeiting, Federal Reserve Chair Jerome Powell said Monday.

Business

Why is the ECB eyeing a 'digital euro'?

The European Central Bank will on Monday launch a public consultation and start experiments to help it decide whether to create a "digital euro" for the 19-nation currency club.

Business

EU unveils proposed curbs on cryptocurrencies

The European Commission on Thursday unveiled plans to regulate cryptocurrencies, proposing rules that could limit the development of Facebook-backed Libra and similar projects.

Business

Scandal-hit Wirecard files for insolvency

Stricken payments provider Wirecard said Thursday it is filing for insolvency, days after the high-profile German company admitted that 1.9 billion euros ($2.1 billion) were missing from its accounts.

Business

Philippines to probe links to German Wirecard scandal

The Philippines said Wednesday it will investigate links to the 1.9 billion-euro ($2.1-billion) Wirecard scandal, adding the European payment provider's ex-chief operating officer may be in the country.

Business

Brazil suspends WhatsApp digital payments

Brazil's central bank said Tuesday it had ordered Visa and Mastercard to suspend a joint project with WhatsApp to roll out digital payments within the popular messaging service, over fears it would be anti-competitive.

page 1 from 3