THE globe

FRANKFURT, Germany—The European Central Bank (ECB) is considering launching its own cryptocurrency if the private sector fails to create an efficient solution for cross-border payments, and if cash usage drops, according to a new paper published by the ECB.

TOKYO—Nations across the globe are working on digital currencies, with Japan the latest to dip its toe in the water. 

LONDON—London has the most fintech headquarters of any city in the world, according to new research.

THE HAGUE, Netherlands–More than 200 people have been arrested in 31 countries as part of a global crackdown on money laundering by Europol.

MONTREAL -- The Desjardins Group is now acknowledging a former employee who stole the personal data of 4.2 million members of financial co-operatives in Quebec also gained access to information for 1.8 million credit card holders, but it said none of that information has been provided to third parties.

TIPPERARY, Ireland–Members were lined up prior to 10 a.m. opening at Clonmel Credit Union here as it prepared to pay out what was described as one of the biggest loan interest rebates and bonus dividend payments in all of Ireland. 

TORONTO—Seven Canadian credit unions have become the first in the country to launch Interac Debit on Google Pay.

REGINA, Saskatchewan–Several groups and organizations in this province are enjoying new physical facilities after Conexus Credit Union opted to give away a number of branches it is closing rather than sell them. 

MADISON, Wis.—The World Council of Credit Unions (WOCCU) is again calling on national-level financial regulators to tailor a set of key international standards when applying them to credit unions.

AUCKLAND, New Zealand–In a rare twist, a credit union here has purchased this country’s credit union trade association.