From September 1, 2025, banks and microfinance organizations will be restricted from imposing fees, penalties, or fines on the outstanding loans of deceased borrowers during the inheritance process.
Project Acacia, a collaborative effort between the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC), has announced significant progress.
The Bank of Russia has introduced a Code of Ethics for AI in Finance, emphasizing principles such as human-centricity, fairness, transparency, security, and responsible risk management.
Changpeng Zhao, founder of Binance, said that institutional and government interest in blockchain and cryptocurrency is accelerating and will impact both markets and public services.
Rio de Janeiro recently hosted a significant meeting involving the ministers of finance and central bank governors from BRICS member states, along with their deputies.
The Reserve Bank of Australia (RBA) and The Treasury have announced the launch of a public consultation on the future of the account-to-account payments system.