THE globe

COPENHAGEN, Denmark–The move to becoming largely cashless in Denmark has had another effect many had not given much thought to: there were no bank robberies in the country during 2022. 

BRASILIA, Brazil—Will a payments trend in Latin America be mirrored in the U.S as 2023 gets underway?

ROME, Italy—The Italian Parliament has introduced a 26% capital tax on crypto-asset trading as a part of its budget law for 2023. 

BRUSSELS, Belgium—The Council of the European Union has agreed on new and stricter anti-money laundering and countering the financing of terrorism (AML/CFT) guidelines for cryptocurrency transactions.

MADISON, Wis.—Nominations are open for World Council of Credit Unions’ (WOCCU) 2023 Digital Growth Award, which will recognize one or more member credit union associations or member credit unions for successfully working toward the associations Challenge 2025 goal of “expanding digital transformation across the globe.”  

NEW DELHI, India—The governor of the Reserve Bank of India is warning that a major financial crisis could occur if digital assets are allowed to continue to grow.

FRANKFURT, Germany—The European Central Bank (ECB) has announced it will finalize design of a digital euro in the second half of this year as it publishes its second progress report on the project. 

CANBERRA, Australia—Remittances sent by people living in Australia to help family and friends in other countries has dropped by almost half in total dollars since the COVID-19 pandemic began, according to a new report.

LONDON—The U.K.’s Financial Conduct Authority (FCA) is being asked to provide greater clarity on how open banking will be regulated from 2023 onward.

ABU DHABI, UAE—The Central Bank of the United Arab Emirates (CBUAE) has announced a plan to launch an Instant Payment Platform (IPP) in 2023 to facilitate financial transactions.