UDPN Partners with Digital Pound Foundation to Support Development of Digital Currencies
The Universal Digital Payments Network (UDPN), a payment infrastructure that makes international payments possible for digital currencies of tomorrow, including regulated stablecoins and Central Bank Digital Currencies (CBDCs), has joined the Digital Pound Foundation (DPF) as a strategic partner. The Digital Pound Foundation is a member-led forum supporting the introduction of a well-designed digital Pound. […]
Exploring the Evolution of Digital Money – what’s on the Horizon for 2024?
Date: Wednesday 31 January 2024Location: London, UK To mark our 2nd anniversary, on 31 January, the Digital Pound Foundation held an in-person event examining developments in new forms of digital money, looking back at the key highlights of 2023, as well as ahead to 2024, with a particular focus on policy development globally. The event opened with […]
CBDC: an opportunity to re-think AML regulations?
On 6th December 2023, the Digital Pound Foundation hosted an in-person roundtable consisting of a selection of our Privacy and Identity Working Group members and external participants. The purpose of the roundtable was to share our thinking around the implementation of AML regulations in the digital age and gather feedback from the external participants. This […]
New report from UK Parliament shares current position on digital Pound CBDC
As the world of finance rapidly evolves, the UK is contemplating the introduction of a Central Bank Digital Currency (CBDC), specifically a retail CBDC or ‘digital Pound.’ This concept differs from cryptocurrencies like Bitcoin and Ether, as it would be a direct liability of the central bank. UK Parliament recently published a report entitled “The […]
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, […]
From NFTs to Smart Contracts: The Digital Pound’s Role in Modernising Car Purchases
Executive Summary The Digital Pound Foundation Use Case Working Group led by William Lorenz has been working together to identify, develop and refine a series of key use cases that can be used to illustrate the potential of a retail digital Pound for the UK citizen. At the time of producing this article, the Use […]
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
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 […]
Poundcast Episode 11: Exploring the Potential of Digital Assets in Wholesale Markets, with Duncan Trenholme of TP ICAP
In this episode of Poundcast, Jannah Patchay speaks with Duncan Trenholme, Managing Director and Global Co-Head of Digital Assets at TP ICAP. They discuss why TP ICAP became interested in digital assets for wholesale markets and the potential barriers to mass adoption. Duncan shares insights on settlement, wholesale central bank digital currencies, and the transformative […]
Future Bank of England Deputy Governor: Crypto Not Gambling, Should Be Treated as a Financial Activity
Sarah Breeden, who assumes the role of deputy governor of financial stability at the Bank of England on November 1, has drawn attention to the potential risks associated with cryptocurrencies while also highlighting the advantages of the underlying technology. She made these remarks during a session with Parliament’s Treasury Committee. In her new position, Breeden, […]