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?

On 28th June 2023, the Digital Pound Foundation hosted an in-person roundtable consisting of a selection of our Use Case Working Group members and external participants. The purpose of the roundtable was to share some of the potential use cases we have been developing for the digital Pound and gather feedback from the external participants. […]

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 […]

Bank of England Governor urges banks to progress tokenized bank deposits

Bank of England Governor urges banks to progress tokenized bank deposits

Source: Ledger Insights On Monday, the Governor of the Bank of England (BoE), Andrew Bailey, delivered a speech on the future prospects for money, diving into the potential of new forms of digital currency. Mr. Bailey wants to preserve the status quo between financial institutions and the central bank, but he also wants to encourage banks to spur greater […]

Fireblocks joins Digital Pound Foundation’s membership community 

Fireblocks joins Digital Pound Foundation’s membership community 

We are very pleased to announce the addition of Fireblocks to the Digital Pound Foundation’s membership community. Fireblocks joins the Foundation as a corporate member and will also take part in the Policy, Legal and Regulatory Working Group. Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, is […]

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