Global

The Global Payments Reset Has Begun - And It’s Not Coming From Banks

Exchange Rates

“China’s central bank has signalled a major shift in digital-currency policy. Under a new action plan published by the People’s Bank of China, the digital yuan moves from “digital cash” to a form of deposit money: commercial banks will pay interest on e-CNY balances from 1 January 2026 and deposits will be covered by deposit […]

Tags: China

Global

India Weighing up to 25,000 Rupee Compensation for Digital‑Payment Frauds, RBI Governor Says

Yahoo Finance

“The Reserve Bank of India will propose a framework to compensate customers up ​to 25,000 rupees ($276) for losses incurred in small-value fraudulent ‌transactions, Reserve Bank of India Governor Sanjay Malhotra said on Friday. This was among a ‌series of steps announced by the RBI to enhance customer protection and increase digital payments safety.  The […]

Tags: India

Global

Why Chinas Interest-Bearing CBDC Changes Global Playbook

India

“On January 1, 2026, China crossed a line most central banks have deliberately avoided. The digital yuan (e-CNY) began paying interest. According to Reuters, verified wallet holders will now earn interest at demand deposit rates under a new management framework that took effect the same day. This is a deliberate digital payments policy choice that […]

Tags: China

Industry

Banks Respond to Proposed Cap on Credit Card Interest Rates

Bank Policy Institute

“The Administration announced plans to issue an executive order imposing a temporary 10% cap on credit card interest rates. The Bank Policy Institute, American Bankers Association, Consumer Bankers Association, Financial Services Forum and Independent Community Bankers of America issued a joint statement: “We share the President’s goal of helping Americans access more affordable credit. At […]

Industry

4 Things to Know About Crypto Market Structure Legislation

Bank Policy Institute

“As the Senate prepares to consider crypto market structure legislation, here are four key things to know about the risks unregulated crypto poses to consumers and the banking system and how a comprehensive approach can solve for these risks while promoting responsible innovation.”

Industry

Stablecoin Interest Ban Puts US at Disadvantage Against China

MSN

“Coinbase’s Chief Policy Officer, Faryar Shirzad, warned U.S. lawmakers that they risked handing China a major advantage if they limited rewards on U.S.-issued stablecoins. The CPO emphasized China’s recent push to pay interest on its central bank digital currency (CBDC), the digital yuan, to increase stablecoin adoption in the country.”

Industry

Federal Reserve Withdraws Restrictive 2023 Policy Severely Limiting ‘Novel’ Crypto Activities

Finance Feeds

“The Federal Reserve Board took a step by officially withdrawing a restrictive 2023 policy statement that had effectively barred many state-chartered banks from the cryptocurrency sector. By rescinding this guidance, the central bank is creating a new pathway for both insured and uninsured state member banks to seek permission for “innovative activities,” signaling a broader […]

Industry

Key Takeaways from The Hill x BPI “Modern Money” Event

Bank Policy Institute

“BPI and The Hill collaborated to host an event, “Modern Money: The Next Chapter in Banking, Regulation and Financial Trust,” featuring discussions with lawmakers, experts and financial industry leaders on the future of financial services, policy and regulation as innovation advances. The event examined themes such as how innovation and oversight can advance to reinforce […]

Companies

Enhancing Cross-Border Payments: State of Play and Way Forward

BIS

“The G20 Roadmap for enhancing cross-border payments has created significant momentum. Most international policy actions are completed, providing a solid foundation for addressing persistent cross-border payment challenges and fostering a more inclusive global payments ecosystem. However, it is unlikely that the end-2027 targets envisaged by the G20 will be achieved on time, and improvements in […]

Tags: Bank for International Settlements

Industry

The Political Economy of Brazil’s Pix Payment System

ProMarket

“In July, the Office of the United States Trade Representative (USTR) initiated a Section 301 investigation into Brazil’s public instant-payment system, Pix, for discriminatory practices that harm U.S. commerce. Coming weeks after the USTR had flagged India’s and Indonesia’s public payment services in its Foreign Trade Barriers report, the move signals a new front in global trade […]

Global

Canada Approves Budget That Advances Policy for Stablecoins

CoinDesk

“Parliament narrowly passed Prime Minister Mark Carney’s first budget. A section governs the issuance of stablecoins, overseen by the Bank of Canada. Issuers in Canada must maintain one-to-one reserves “composed exclusively of the reference currency or other high-quality liquid assets,” allow immediate redemptions and meet a suite of requirements on risk management in times of […]

Tags: Canada

Banks Submit Recommendations on Treasury’s Implementation of the GENIUS Act

Bank Policy Institute

“BPI, the American Bankers Association, Consumer Bankers Association, Financial Services Forum and The Clearing House Association responded to a U.S. Department of the Treasury Advance Notice of Proposed Rulemaking on its implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS) Act. The submission asks Treasury to develop regulations that preserve the benefits […]

Global

JPYC Stablecoin Launches in Japan. Has a Fraud Compensation Policy

Ledger Insights

“JPYC went live as a Japanese regulated stablecoin. It is the first Yen stablecoin to launch under Japan’s stablecoin regulations, which came into force in 2023. The law supports three types of issuers: funds transfer service providers such as JPYC, trust banks acting for third parties, or commercial banks. By international standards, the stablecoin has […]

Tags: Japan

Industry

US Judge Blocks Consumer Agency’s 'Open Banking' Rules for Now

U.S. News & World Report

“A coalition of banking groups has convinced a federal judge to temporarily block enforcement of a U.S. Consumer Financial Protection Bureau rule aimed at making it easier for consumers to switch financial-service providers. In a ruling Wednesday, U.S. District Judge Danny Reeves in Lexington, Kentucky, paused compliance deadlines for the so-called “open banking” rule in […]

Companies

The Clearing House Association and BPI Urge Treasury to Modernize AML Rules for the Digital Age

The Clearing House

“The Clearing House Association and the Bank Policy Institute issued recommendations to the U.S. Department of the Treasury as part of Treasury’s request for information to modernize the Bank Secrecy Act. Recommendations: Apply anti-money laundering rules consistently; encourage banks to adopt technologies that help combat illicit finance; Rescind the existing model risk management guidance, which […]

Tags: The Clearing House (TCH)