Bank of Tanzania progress on central bank digital currency

Bank of Tanzania progress on central bank digital currency

Source: Bank of Tanzania In recent times, there has been a rapid increase of financial innovation globally due totechnological advancement. One of the innovations dominating contemporary policydiscussions is central bank digital currency (CBDC). Albeit defined in a variety of ways,CBDC is a digital or virtual form of a country fiat currency issued and regulated by […]

New DPF Working Group launches to uncover real-world use cases for a digital Pound

New DPF Working Group launches to uncover real-world use cases for a digital Pound

The Digital Pound Foundation (DPF) is delighted to announce the launch of its Use Case Working Group co-led by Andrew Dare, CGI, and William Lorenz, DPF Expert Contributor, and would like to invite existing – and new – DPF members to participate. This is a practical Working Group looking to uncover real-world use cases for […]

Five associations form industry alliance to guide the UK’s digital currency future

Five associations form industry alliance to guide the UK’s digital currency future

Source: UK Finance Five associations have come together to form a new alliance – the UK Forum for Digital Currencies (UK FDC) – which will celebrate innovation and collaboration across the payments industry Members include the City of London Corporation, Digital Pound Foundation, The Payments Association, TheCityUK and UK Finance. The aim of the alliance is to develop better policies, practice and regulation […]

eCurrency extends CBDC deal with Bank of Jamaica for rollout

eCurrency extends CBDC deal with Bank of Jamaica for rollout

Source: Ledger Insights Yesterday eCurrency announced it has signed a long term partnership with the Bank of Jamaica for the national rollout of its central bank digital currency (CBDC) known as JAM-DEX. eCurrency originally partnered with the central bank for its five-month retail CBDC pilot, which started in August last year. Technically JAM-DEX went into production on April 1 this […]

BIS and central banks of France, Singapore and Switzerland to explore cross-border CBDC trading and settlement using DeFi protocols

BIS and central banks of France, Singapore and Switzerland to explore cross-border CBDC trading and settlement using DeFi protocols

Source: BIS The BIS Innovation Hub is launching a new project around central bank digital currencies (CBDCs) and Decentralised Finance (DeFi) protocols as part of its 2022 work programme. Project Mariana explores automated market makers (AMM) for the cross-border exchange of hypothetical Swiss franc, euro and Singapore dollar wholesale CBDCs. It will seek to examine the potential […]

Barclays to host CBDC hackathon

Original Source: Finextra Speaking exclusively with Finextra, Barclays has announced it will host the ‘Barclays CBDC Hackathon 2022’ later this year, to promote the emergence of new technologies in large-scale banks. The hackathon will run on the 27th and 28th of September, and will consist of a series of coding challenges that will simulate the use of […]

Treasury Committee launches inquiry into crypto-assets

Original Source: UK Treasury The Treasury Committee today calls for written evidence as it launches a new inquiry into crypto-assets. Inquiry: The crypto-asset industry Treasury Committee In the inquiry, the Committee will explore the role of crypto-assets in the UK, as well as the opportunities and risks they bring to consumers and businesses. The Committee […]

Introducing poundtoken, the First Fully-backed GBP Stablecoin Regulated in the British Isles

Original Source: Fintech & Finance News Blackfridge, the Isle of Man-based fintech company, has launched poundtoken, the first British-regulated stablecoin fully backed 1:1 by pound sterling (GBP). poundtoken, known by the ticker “GBPT”, allows direct GBP access to digital asset markets and facilitates frictionless real-time settlements. Designed with simplicity and consumer confidence at its core, […]

Clifford Chance joins Digital Pound Foundation membership community to co-lead new Policy, Legal and Regulatory Working Group

Clifford Chance joins Digital Pound Foundation membership community to co-lead new Policy, Legal and Regulatory Working Group

We are pleased to announce the addition of Clifford Chance to the Digital Pound Foundation’s membership community. As one of the world’s pre-eminent law firms, Clifford Chance’s global reach and breadth of expertise across fintech is industry-leading. We are also delighted to announce that Clifford Chance will be co-chairing the Digital Pound Foundation’s Policy, Legal […]