Compliance Overload: Pay360 Dives Down Regulatory Rabbit Hole

Hong Kong has enlisted the support of Ant Financial, Microsoft and HSBC in a new wholesale CBDC forum, while Argentina has published its first API that allows businesses to automate access to central bank information.

Plans by the UK financial regulator to "name and shame" companies under investigation could cause reputational damage and a loss of business for companies that are later found to be innocent, people in the industry have warned.