Commercial stablecoin issuance – Part I: Considerations and benefits
Source: Quant Banks around the world – including some well-known global brands – have begun issuing their own digital currency known as commercial stablecoins. The benefits are significant but it’s not all plain sailing: there are a variety of factors to consider before implementing. Not to be confused with algorithmic stablecoins, commercial stablecoins are a […]
The digital pound − speech by Jon Cunliffe at UK Finance
Source: Bank of England | Photograph of Jon Cunliffe via Flickr by Felix Clay Speech As some of you may have seen, the Bank of England and the Treasury have today published, as a Consultation Paper, the report of the Bank of England – HM Treasury Taskforce on the introduction in the UK of a central […]
The digital pound: Technology Working Paper
Source: Bank of England This paper accompanies a Consultation Paper on the digital pound and outlines the Bank of England’s emerging thinking on CBDC technology. Overview This paper accompanies a Consultation Paper on the digital pound and outlines the Bank of England’s emerging thinking on CBDC technology. It explores technology design considerations which help to form a […]
The digital pound: A new form of money for households and businesses?
Source: Bank of England Consultation description HM Treasury and the Bank of England have published a joint consultation. The consultation paper sets out analysis by HM Treasury and the Bank of England on the potential case for a UK central bank digital currency – a “digital pound” and consult on the key features of a […]
Euro stablecoin launched in Finland, claims to be first approved in the EU
Source: Cointelegraph Finnish company Membrane Finance has released a fully-reserved stablecoin backed by the euro, according to a Feb. 2 blog post from the company. The company is licensed by the Finnish Financial Supervisory Authority (Fin-FSA) and claims that the new ”EUROe” coin is “the first and only EU-regulated crypto stablecoin.” United States-based Circle Inc. […]
HM Treasury Open consultation: Future financial services regulatory regime for cryptoassets
Source: HM Treasury Summary This consultation sets out proposals for the UK’s financial services regime for cryptoassets, and marks the next stage of the UK’s phased approach This consultation closes at9am on 30 April 2023 Consultation description In April 2022, the government committed to introducing a new regulatory regime for cryptoassets, reflecting the risks and […]
UK-native stablecoin integrates into 18,000 ATMs nationwide
Source: Cointelegraph A partnership between Poundtoken and BitcoinPoint will make the country’s first 100%-backed British pound stablecoin, GBPT, accessible to retail consumers via a network of 18,000 ATMs across the United Kingdom. The move marks another step toward the U.K. becoming a “crypto hub” and is in line with the government’s push to use stablecoins […]
Are There Tech Solutions to the Privacy and Compliance Trade-Offs for CBDCs?
Source: Coindesk This article is part of CoinDesk’s Policy Week. John Kiff, a former senior financial sector expert at the IMF, is the research director at the Sovereign Official Digital Association (SODA), head of CBDC/digital capital markets advisory at Satoshi Capital Advisers and advisor to WhisperCash. Dr. Jonas Gross is chairman of the Digital Euro Association […]
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?
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 […]