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?
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
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
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 […]
Poundcast Episode 10: Innovating Britain – The Future of Fintech and Digital Currencies, with Lord Chris Holmes of Richmond MBE
Please note this episode was recorded before the ETD bill gained its royal assent. In episode 10, Poundcast’s host Jannah Patchay is having a conversation with Lord Chris Holmes of Richmond MBE regarding the UK’s leading role in the areas of innovation, fintech, and the emerging digital economy. They discuss recent changes in UK legislation […]
UK Government Responds to The Treasury Committee: disagrees with recommendation on treating crypto trading as gambling
In a May report, a cross-party Committee of MPs proposed the regulation of consumer trading in unbacked crypto as a form of gambling. Unbacked cryptoassets, commonly known as cryptocurrencies, lack support from any underlying asset. Notably, Bitcoin and Ether comprise the majority share of the crypto market. The Committee’s decision to classify retail trading in […]
CMS joins Digital Pound Foundation and will Co-Lead Policy, Legal and Regulatory Working Group
We are pleased to announce the addition of CMS to the Digital Pound Foundation’s (DPF’s) membership community. With 79 offices in over 40 countries and 5,000+ lawyers worldwide, CMS is a full service law firm which offers deep local market understanding with a global perspective. The firm has built a particular specialism in digital currencies […]
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 […]
An Interview with Susan Friedman, Head of Policy at Ripple, about the digital Pound
In the third of our member video series, we talk with Susan Friedman of Ripple about the potential benefits of a digital Pound, what frameworks might need to be put into place for CBDCs not only in the UK but globally, and why Ripple chose to become a member of the Digital Pound Foundation. Are […]
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 […]