Minutes of the CBDC Engagement Forum – March 2023
Source: Bank of England Item 1: Welcome Co-chairs Gwyneth Nurse and Jon Cunliffe welcomed Members to the fifth meeting of the CBDC Engagement Forum. Item 2: The digital pound Consultation Paper The Bank of England and HM Treasury presented a summary of the Consultation Paper and the accompanying Technology Working Paper, published on 7 February […]
The Geopolitical Case for a digital Pound
Hosted: 23 March 2023Location: London, UKNo. Attendees: 68 Panelists included: Jannah Patchay (DPF), William Lovell (Bank of England), Richard Ells (Electroneum), Rebecca Park (Global Counsel), David Karney (Worldline UK&I), and Varun Paul (Fireblocks). Central bank digital currencies (CBDCs) – a digital form of central bank-issued fiat currency – have seen explosive growth in interest over […]
Snapshot: Which countries have made the most progress on CBDCs so far in 2023
Source: Atlantic Council 2023 is already shaping up to be a major year in central bank digital currency (CBDC) exploration. As of March 1, sixty-five countries are in the advanced stage of development, and over twenty central banks have launched their pilots, including Brazil, Japan, and Russia. To dive deeper into these countries, follow our CBDC […]
Designing the Digital Money of the Future: Digital Pound vs Digital Euro | Poundcast Episode 8
In episode 8, our host Jannah speaks to Sarah Palurovic, Executive Director of our partner organisation, the Digital Euro Association. Sarah is also an economist and research assistant at the Frankfurt School Blockchain Center. Her focus is on executive education in blockchain and digital assets, specializing in the economics of cryptocurrencies and emerging business models. […]
Digital Pound Foundation: Advocating for a Well-Designed Digital Pound
Written by Claire Conby, Operations and Governance Lead at the Digital Pound Foundation. Originally published in February 2023 by Central Bank Payments News With over 90% of the world’s major central banks pursuing central bank digital currency (CBDC) projects, there is an ever-increasing number of institutions and organisations across the globe expressing opinions, recommendations and […]
The digital pound: Busting the privacy myths
Source: Quant | Written by Martin Hargreaves, Chief Product Officer at Quant Concerns about CBDCs are ill-founded, writes our Chief Product Officer, because the underlying infrastructure can and would be set up in a way that limits authoritarian controls, surveillance, and protects consumer privacy. This article first appeared in CityAM on 28 February 2023 > […]
‘Seven out of 10 – maybe higher’: Bank of England deputy on ‘Britcoin’ likelihood
Source: Global Government Fintech A UK retail central bank digital currency (CBDC) has a seven out of 10 chance and ‘maybe higher’ of becoming a reality, in the personal view of a Bank of England (BoE) deputy governor. Sir Jon Cunliffe quoted the odds, which he emphasised were his private thoughts, to a parliamentary committee […]
The Making of a Digital Pound: Exploring the Creation of a UK CBDC | Poundcast Episode 7
In episode 7, our host Jannah Patchay, Policy Lead at the Digital Pound Foundation is in conversation with Varun Paul, Central Bank Digital Currency and Market Infrastructure Director of Fireblocks. They discuss private sector objections to retail Central Bank Digital Currency – how does the recent Bank of England and HM Treasury consultation address these […]
Why Does an Economist Care About CBDCs? | Poundcast Episode 6
In episode 6, our host Jannah Patchay, Policy Lead and one of the originating members of the Digital Pound Foundation, speaks to James Pomeroy, Global Economist at HSBC. In a time where many regions around the world are increasingly moving away from cash, Central Bank Digital Currencies can offer people similar levels of privacy and […]
UK economy has a needless £20 billion dependency on US stablecoins, research says
Source: City A.M. At a time when a struggling pound is contributing towards inflation that is harming everyday British consumers, an ‘unhealthy dependency on US stablecoins’ is hamstringing the UK economy, according to new research. A report by UK stablecoin issuer Poundtoken and crypto accounting firm Myna says 99% of the global stablecoin market-cap is unnecessarily tied to the […]
