Tag: central

Act Fast or Miss the Digital Payments Boat, BIS Tells Central Banks

LONDON—Major central banks should press ahead now with digital currency projects to avoid falling behind comparable private sector payment initiatives that are already taking root, a Bank for International Settlements official said on Friday. Corporate moves into digital payments, including Facebook with its diem stablecoin, have accelerated since the pandemic, as have contactless card transactions,…


Secretary of State Tells Mexican Officials: ‘Border Is Closed to Irregular Migration’

Secretary of State Antony Blinken on Friday warned Central Americans not to make journeys to the United States without travel papers as the Biden administration deals with a surge in illegal immigrants on the southern border. “The border is closed to irregular migration,” Blinken said in a virtual event with officials from El Paso and Mexico’s…