Central bank digital currency articles
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Dutch banks need better money laundering checks and more vigilence says central bank
Banks are increasingly carrying out checks to verify that their customers are not laundering money, financing terrorism or violating sanctions, De Nederlandsche Bank (DNB) said on Monday. At the same time, the Dutch central bank noted that some banks are delaying or scaling back improvements to their controls and checks. As a result, they have to do more to get their controls in order.
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Egypt to Launch First Ever Digital Bank
Misr Digital Innovation (MDI), a subsidiary of banking giant Banque Misr, has secured preliminary approval from the Central Bank of Egypt (CBE) to launch Egypt’s first digital bank: onebank. This step aims to further promote financial inclusion in Egypt, as onebank will operate entirely online, offering convenient and secure banking solutions to a wider segment of the population. Unlike traditional banks that require branch visits, this completely online bank allows you to set up an account...
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Chinese markets down after central bank's rate call
Stock markets in the Asia-Pacific region traded mostly higher at the start of the week, while Chinese stocks dipped in the negative territory as investors digested the People's Bank of China's (PBoC)