CU News From Around the Planet
LVIV, Oblast, Ukraine–The Worldwide Foundation for Credit Unions, the philanthropic arm of the World Council of Credit Unions, has offered an update on how funds are helping to meet the needs of children with certain psychophysical developmental disabilities in the wake of Russia’s invasion of the country.
HONG KONG—The Hong Kong Monetary Authority (HKMA) has kicked off a new wholesale central bank digital currency project to support for the tokenization market in the territory
LONDON—The European Parliament is urging the European Investment Bank (EIB) to enforce stricter accountability and transparency protocols.
TEGUCIGALPA, Honduras—The Honduran National Banking and Insurance Commission (CNBS) has prohibited cryptocurrencies from the country’s financial system.
LONDON—To align with E.U. standards, the United Kingdom has unveiled plans to integrate both stablecoins and central bank digital currencies (CBDCs) into its regulatory structure, according to a new report.
MADISON, Wis.—The World Council of Credit Unions’ (WOCCU) is reporting its Hub C Innovation-as-a-Service online marketplace is now open to additional credit unions, credit union associations and credit union federations in Latin America and the Caribbean (LAC).
TAIPEI, Taiwan—Taiwan’s Financial Supervisory Commission announced it will propose a new draft of digital asset regulations for the country in September 2024.
VANCOUVER, B.C.– Central 1 Credit Union, a provider of financial services and liquidity primary liquidity to Canada’s credit unions and financial institutions, is reporting it has achieved a score of over 70% across all categories in an annual assessment, led by the Principles for Responsible Investment (PRI), a firm that is a proponent for responsible investment.
WASHINGTON–The Via Stella Foundation, the joint U.S./Polish charity to help Ukrainian credit unions and refugees in the wake of the attacks by Russia, raised nearly $150,000 during an event here.
WASHINGTON—Less than half of all central banks have a supervisory technology (suptech) strategy in place, according to a new study.
