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The Eurosystem has published a survey on its plans for trials and experiments on new technologies for wholesale central bank money settlement.  The survey aims to gather feedback from market participants and stakeholders on the potential benefits, challenges, and use cases of a wholesale central bank digital currency (CBDC) that would facilitate cross-border payments and financial market infrastructures. You might also like: ECB executive Fabio Panetta aims for digital euro expansion The survey , which is open until Nov. 15, covers four main topics: The current state of play and challenges in cross-border payments and financial market infrastructures. The possible features and design options of a wholesale CBDC. The potential impact and implications of a wholesale CBDC on the financial system and the economy. The possible scenarios and use cases for testing and experimenting with a wholesale CBDC. The survey is part of the Eurosystem’s ongoing work explor...

Kraken, a crypto exchange, is making strategic moves to broaden its offerings in trading and payment. After FTX’s downfall last November, Kraken’s subsidiary Crypto Facilities aims to target the lucrative derivatives sector, which had $1.85 trillion in trading volume across centralized exchanges last month alone. Concurrently, Kraken is also widening its payment methods, introducing PayPal deposits for its UK and European customers. Crypto Facilities, acquired by Kraken in 2019, is presently in talks with the UK’s Financial Conduct Authority (FCA) for permission to expand its custodial services, Bloomberg reported on Sep. 7. The London-based unit is eyeing the opportunity to offer futures contracts denominated in fiat currencies like euros and pounds, an expansion over its existing multilateral trading facility license granted in 2020. Mark Jennings, CEO of Crypto Facilities, envisions these expansions to materialize within six to 12 months. However, he remains...