Regulated Liabilities and the Future of Digital Money | Poundcast Episode 2
Description In this episode, host Jannah Patchay, Policy Lead and one of the originating members of the Digital Pound Foundation speaks to Tony McLaughlin, Managing Director of Emerging Payments and Business Development at Citibank. Jannah and Tony have a wide-ranging discussion on what would make a digital Pound a foundation for innovation and what attributes […]
Ethereum Merge Could Affect Stablecoins & DeFi Protocols, Says Report
Original Source: BeInCrypto Ethereum’s transition to a proof-of-stake (PoS) network could affect DeFi protocols and stablecoins running on the blockchain network, DappRadar revealed in a new report. According to the report, the stablecoin market is huge, and its use on public blockchains like Ethereum has grown significantly making them integral to DeFi operations. The report noted that Ethereum Merge could affect the stability […]
FIS is latest payments firm to launch CBDC Lab
Original Source: Ledger Insights Yesterday FIS, the banking sector solution provider, announced plans to help central banks to launch central bank digital currencies (CBDC) through its CBDC Virtual Lab, which is in collaboration with digital payments startup M10 Networks. The Lab will let central banks, commercial banks and payment firms experiment and pilot CBDC issuance, payments, programmable […]
UK Crypto Industry Welcomes New Stablecoin Rules, Awaits Guidance
Original Source: Coindesk Crypto advocates in the U.K. have largely welcomed a new bill that could bring digital assets like stablecoins into the scope of local payments regulation. But there’s uncertainty about how the new rules will look like, should the bill pass. The bill is scheduled to be debated in Parliament for the first […]
Working Paper Series: The economics of central bank digital currency (CBDC)
Original Source: European Central Bank (ECB) Abstract This paper provides a structured overview of the burgeoning literature on the economics of CBDC. We document the economic forces that shape the rise of digital money and review motives for the issuance of CBDC. We then study the implications for the financial system and discuss of a […]
A sound regulatory approach for digital assets
Original Source: Quant Over the last five years, investment in cryptocurrency increased from $100 billion to a market cap of $3 trillion in November 2021. During that time, crypto went mainstream. In the UK, ads for crypto exchanges popped up on the underground, billboards and sports stadiums. Consumers were attracted to this new, high-performing asset […]
Bank of England: Minutes of the CBDC Engagement Forum (July 2022)
Original Source: Bank of England Minutes Date: 1 July 2022 Item 1: Welcome Co-chairs Gwyneth Nurse and Jon Cunliffe welcomed Members to the fourth meeting of the CBDC Engagement Forum. Item 2: Debrief of the last Technology Forum The Bank of England provided a brief summary of the June Technology Forum meeting Item 3: CBDC Payment […]
Digital euro: new details emerge on how to limit CBDC holdings
Original Source: Ledger Insights The President of the Deutsche Bundesbank, Dr. Joachim Nagel, shared new details about plans for a digital euro during a July speech. While he covered the usual motivations and risks of a central bank digital currency (CBDC), he added some detail on how holdings of digital euros might be limited. In the past, there has […]
Taking digital currencies offline
Original Source: IMF As the world’s central banks rush to develop digital currencies, almost all the research and trials focus on internet-based technology. What will happen when the web goes down in a war or a natural disaster? And what about the 75 percent of the world’s adult low-income population that doesn’t even have internet […]
Response to HMT Consultation: Managing the Failure of Systemic Digital Settlement Asset (including Stablecoin) firms
The Digital Pound Foundation takes pleasure in responding to this consultation. The DPF is supportive of the UK government’s commitment to place the UK’s financial services sector at the forefront of cryptoasset technology and innovation, and to take a staged and proportionate approach to cryptoasset regulation, which is sensitive to risks posed and responsive to […]
