HM Treasury Publishes Comprehensive Review on the Future of Payments in the UK

HM Treasury Publishes Comprehensive Review on the Future of Payments in the UK

In an in-depth review initiated on July 10th, the HM Treasury has conducted a thorough analysis of the UK’s payments landscape and published their Future of Payments Review. Over three months, the review team, led by a seasoned executive with diverse experience in the financial sector, engaged with about 150 stakeholders, including financial institutions, Fintechs, […]

UK to Introduce New Regulatory Framework for Stablecoin-Based Payment Systems

UK to Introduce New Regulatory Framework for Stablecoin-Based Payment Systems

The Bank of England has released a detailed discussion paper focusing on the integration of these digital assets into the country’s financial system, underscoring the critical nature of public confidence in money as a cornerstone of economic and financial stability. This initiative comes at a time when two predominant forms of money circulate in the […]

Quant Elevates Blockchain Security with its New Central Bank-Grade Key Management Solution

Quant Elevates Blockchain Security with its New Central Bank-Grade Key Management Solution

In a significant development for the banking and financial sector, a pioneering solution called Overledger Authorise has been launched to bolster the security of blockchain-based transactions. Historically, financial institutions have banked on advanced key management systems to shield data, applications, and transactions. The dawn of blockchain and digital assets posed a challenge: the prevailing key […]

UK Regulated Liability Network to experiment with digital pound as tokenized deposits

UK Regulated Liability Network to experiment with digital pound as tokenized deposits

Source: Ledger Insights Earlier this year, the Regulated Liability Network (RLN) made a big splash in the United States with trials involving several banks, Mastercard and the New York Federal Reserve. Now the UK Regulated Liability Network plans to experiment with a retail digital pound backed by commercial bank money or tokenized deposits. The RLN is a blockchain network […]

Why do we need a digital Pound? 

Why do we need a digital Pound?

What could a digital Pound offer to consumers that isn’t possible today? How are use cases important to its adoption? We explore this and more. Central Bank Digital Currencies (CBDCs) are a form of digital money that is gaining attention amid the rise of various digital currencies, including cryptocurrencies, stablecoins, and tokenised commercial deposits. The […]

CBDCs & Privacy: Considerations for an International Landscape

CBDCs & Privacy: Considerations for an International Landscape

Privacy, being a fundamental human right, holds significant importance in the investigation and development of Central Bank Digital Currencies (CBDCs). Preliminary evidence suggests that the level of privacy associated with CBDC use will greatly influence the adoption and usage of CBDCs. Currently, there is a perceived tradeoff between safeguarding users’ privacy and ensuring compliance with […]

CBDC Expert Sarah Breeden Named Bank of England Deputy Governor

CBDC Expert Sarah Breeden Named Bank of England Deputy Governor

In a strategic move to bolster financial stability in the United Kingdom, Sarah Breeden, a senior Bank of England official and member of the Central Bank Digital Currency (CBDC) task force, has been appointed as the new deputy governor. The announcement comes as Jon Cunliffe’s term draws to a close, during which he played a […]

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