REYKJAVIK, Iceland–Credit unions already debating back-to-work policies as the coronavirus pandemic restrictions are lifted have numerous companies to look to for examples of different approaches. Now they have a country to look to, as well.
THE globe
CU News From Around the Planet
LONDON—Britain’s financial regulator has said Binance, one of the world’s largest cryptocurrency exchanges, cannot conduct any regulated activity and has issued a warning to consumers about the platform, which is coming under growing scrutiny globally.
NAIROBI, Kenya–A Kenyan fintech startup is working with this country’s credit unions, known as SACCOs, to turn them modern digital banks, according to a new report.
SAN SALVADOR, El Salvador— El Salvador’s president has announced plans to give the country’s citizens starter Bitcoin accounts with $30 in them to promote use of the cryptocurrency.
HAMPSHIRE, U.K.–A new report from Juniper Research has found that digital cross-border remittances will grow from $295 billion in 2021 to $428 billion in 2025, with digital transactions returning to pre-pandemic values by 2022.
MADISON, Wis.—The National Credit Union Federation of Korean (NACUFOK) has made a “sizeable donation” of facemasks to World Council of Credit Unions.
EDINBURGH, Scotland–One credit union CEO here is urging the Scottish government to appoint a financial well-being czar as part of a package of measures to help in the recovery from the COVID pandemic.
DUBLIN–A Social Return on Investment study commissioned by one credit union here has found that for every euro equivalent invested, €10 of social value was created.
PURCHASE, N.Y.—Thirty-seven percent of people in Latin America and the Caribbean say they plan to use cryptocurrency next year.
KYIV, Ukraine–In what’s being called a “major victory” by the World Council of CUs, the Ukrainian Parliament has overwhelmingly approved the first reading of a new draft law on credit unions.