Bank of England Releases New Paper on Innovation in Money and Payments
The Bank of England has published a discussion paper entitled “The Bank of England’s Approach to Innovation in Money and Payments,” which outlines its strategy for adapting to technological changes in the financial landscape. This paper addresses the opportunities and risks associated with innovations in money and payments, aiming to maintain trust and confidence in […]
Bank of England and BIS Unveil Pyxtrial: A Tool for Stablecoin Reserve Monitoring
A new report from the Bank of England and the Bank for International Settlements (BIS) has shared the outcomes of a proof of concept (PoC) for Pyxtrial, a regulatory or supervisory tool designed to monitor the asset backing of stablecoins. This joint project between the BIS Innovation Hub and the Bank of England explores how […]
Unlocking the Potential of Web3 in Financial Services | Poundcast Episode 18
In episode 18 of the Poundcast, we welcome Rita Martins, author of the book “Web3 in Financial Services: How Blockchain, Digital Assets and Crypto are Disrupting Traditional Finance”. Rita discusses her career journey from consulting roles at Accenture and HSBC to her current focus on blockchain technology in finance. During this episode, Rita elaborates on […]
Digital Money Event (23 October 2024)
Details Location: London, United KingdomDate: Wednesday 23 October 2024Organised by: Digital Pound Foundation Description The Digital Money Event 2024 is the destination annual event for discussing the implementation of a digital Pound in both public and private forms. Assembling up to 200 guests, our members, partners, fintechs, policymakers, leading academics and the media will meet to […]
UK Centre for Blockchain Technology partners with the Digital Pound Foundation
We are pleased to announce that the UK Centre for Blockchain Technologies (UK CBT) has partnered with the Digital Pound Foundation (DPF). UK CBT is the national hub for blockchain innovation and expertise in the UK. Its vision is to drive the development and deployment of blockchain technologies, fostering trust, collaboration and innovation. The UK […]
First sovereign digital bond issuance in the EMEA region: Bank of Slovenia, BNP Paribas, and Clifford Chance
Yesterday, Slovenia issued a €30 million short-dated digital bond on the BNP Paribas Neobonds platform. Settlement utilised the Banque de France’s wholesale central bank digital currency (CBDC) as part of the Eurosystem’s wholesale Distributed Ledger Technology (DLT) settlement trials. This marks the first sovereign digital bond issuance in the EMEA region. While the European Investment […]
Stables Expands into Europe with Stablecoin Virtual Card in Partnership with Mastercard
Stables, the Australian stablecoin payment startup, has announced its expansion into Europe with the launch of their stablecoin virtual card, in collaboration with Mastercard. This move follows a successful partnership with Mastercard in April 2023 in Australia, where Stables became the first stablecoin wallet in the APAC region to offer seamless payments from a single […]
Wirex and Visa Announce Partnership to Enhance Digital Currency Use in the UK and EEA
Earlier this week, Wirex announced a partnership with Visa, aiming to promote the use of digital currencies in the UK and the European Economic Area (EEA). A key aspect of this collaboration is the launch of Wirex Pay, a modular Zero Knowledge (ZK) payment chain developed by Wirex. Wirex Pay is designed to simplify how […]
Putin Calls for Robust Development Framework for Digital Assets in Russia
In a significant move towards modernising the Russian financial landscape, President Vladimir Putin has underscored the necessity for developing a comprehensive framework for the integration and utilisation of digital assets. Speaking at a recent meeting on economic matters, Putin highlighted the strategic importance of creating favourable conditions to foster the growth of digital assets, including […]
BIS Release Results of Survey on CBDCs and Cryptocurrency
94% of central banks are actively exploring the development of a central bank digital currency (CBDC), and the results from an extensive survey performed by the Bank for International Settlements (BIS) involving 86 central banks highlights a significant increase in experiments and pilot programmes, particularly in advanced economies, with a notable rise in activity among […]
