Innovating Britain: The Future of Fintech and Digital Currencies | Poundcast Episode 10
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 […]
Banque de France Reveals Wholesale CBDC Experiment Findings Using DLT Technology
The Banque de France has released new conclusions and lessons learned from its wholesale central bank digital currency (wCBDC) experiments using distributed ledger technologies (DLTs). Building on the initial report published in 2021, these findings contribute to the Eurosystem’s exploration of how wholesale financial transactions recorded on DLT platforms could settle in central bank money. […]
Russia Embraces Digital Ruble: President Putin Signs CBDC Law for Central Bank-Backed Currency
Today, President Vladimir Putin of Russia officially signed the digital ruble bill into law, granting the country’s central bank the authority to issue its own digital currency. The digital ruble, a concept that the Bank of Russia has been carefully considering, will be integrated into the payment ecosystem alongside traditional methods, as outlined in the […]
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 […]
Challenges and Prospects for BRICS Common Currency: Insights from Bank of Russia’s Governor
Unraveling BRICS Common Currency Challenges & Prospects: Bank of Russia’s Insights. Explore economic comparisons & complexities in this financial landscape.
Swiss National Bank Set to Launch Digital Interbank Money Pilot by end of year, Says Thomas Moser in Interview
Switzerland’s central bank, the Swiss National Bank (SNB), is actively incorporating decentralised finance technology into traditional finance and considering the issuance of digital money for broader circulation, according to Thomas Moser, an Alternate Governing Member of the SNB. In an interview with finews.tv, Moser revealed that the SNB plans to introduce digital interbank money as […]
European Banking Authority (EBA) urges swift implementation of stablecoin standards
The European Banking Authority (EBA) has recently emphasised the urgent need for the early adoption of standardised regulations for stablecoins. In an effort to address potential risks and foster stability within the digital asset market, the EBA is pushing for a swift implementation of comprehensive guidelines. With the rapid growth of stablecoins, which are cryptocurrencies […]
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 […]
MiCA’s stablecoin transaction cap stifles crypto adoption, say lawyers
Source: Cointelegraph Stablecoin use could be “stifled” by daily transaction caps in the European Union’s Markets in Crypto-Assets (MiCA) legislation, with some calling for the framework to be revised. On May 31, MiCA was signed into law, which paved the way for the world’s first regulatory guidance on cryptocurrencies to come into effect. The legislation was received […]
