The State of Global CBDC Adoption with Darrell Duffie

The State of Global CBDC Adoption with Darrell Duffie

Source: Ripple Each quarter we’ll be going under the hood with professors from Ripple’s University Blockchain Research Initiative (UBRI) to gain a deeper understanding of trending topics in crypto and blockchain, and highlight their insights and key takeaways.  There seem to be almost as many opinions about the viability and best use of Central Bank Digital Currencies […]

What is a digital Pound really useful for?

What is a digital Pound really useful for?

About this webinar Aside from simply digitising our national currency to bring it in line with the modern world, what is a digital currency actually useful for? How would a digital Pound make a concrete difference and add value to the way things operate today? Various benefits are put forward for Central Bank Digital Currencies […]

UK Forum for Digital Currencies Joint Policy Statement

Five associations have come together to form a new alliance – the UK Forum for Digital Currencies (UK FDC) – which aims to develop better policies, practice and regulation around digital and currencies. Members include the City of London Corporation, Digital Pound Foundation, The Payments Association, TheCityUK and UK Finance. Digital currencies have been gaining […]

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 […]

UK Treasury minister says wholesale stablecoin will precede CBDC

UK Treasury minister says wholesale stablecoin will precede CBDC

Source: Ledger Insights The UK’s Treasury envisages a private wholesale stablecoin launching before a central bank digital currency (CBDC). Enabling legislation, the Financial Services and Markets Bill (FSM), covers stablecoins and is expected to pass around April. If the Bank of England launches a CBDC, the first use case is likely to be interbank settlements using a wholesale CBDC. […]

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 […]

The Geopolitics of CBDCs

The Geopolitics of CBDCs

Written by Jannah Patchay, Policy Lead for the Digital Pound Foundation Central bank digital currencies (CBDCs) – a digital form of central bank-issued fiat currency – have seen explosive growth in interest over the past four years. At the start of 2023, 114 countries, representing 95% of global GDP, are currently exploring CBDC, of which 60 […]

BoE engages external experts for CBDC projects

BoE engages external experts for CBDC projects

Source: Global Government Fintech The Bank of England (BoE) is advancing its research into the technical possibilities of a potential central bank digital currency (CBDC) by engaging a consultancy, Consult Hyperion, on a pair of assignments each carrying a value of more than £100,000 (about $122,000), Global Government Fintech can reveal. A decision has yet to be […]

Bank of England publishes list of questions asked by suitors for its CBDC wallet

Bank of England publishes list of questions asked by suitors for its CBDC wallet

Source: City A.M. The Bank of England has revealed the details of more than 70 questions asked by applicants keen to win the contract to create a wallet for its CBDC experiment. A total of 20 companies submitted applications for the £200,000 five-month project, with almost all handing in a series of questions before Christmas. […]