FTX stablecoin reserves plunge as community fears bankrun
Source: CryptoSlate The crypto community fears FTX might cause another Terra-like crash after the stablecoin reserves on the exchange fell significantly over the last 24 hours. FTX stablecoin outflow leads other exchanges As reported by The Data Nerd, Nansen data shows that FTX stablecoin outflow was the highest among exchanges over the last seven days. According to the screenshot, […]
Transformative Potential: Digital Money in Wholesale Markets | Poundcast Episode 3
Description In episode 3, our host Jannah Patchay, Policy Lead and originating member of the Digital Pound Foundation, speaks to Olaf Ransome, founder of 3C Advisory and also known as The Banker’s Plumber. In this interview, we turn our attention to the applications of new forms of digital money in wholesale markets. As we’ll see, […]
The Benefits of a True Risk-Based Approach to Digital Onboarding
Written by: Claire Conby, Chief Risk Officer & Executive Director at Billon Financial Ltd, and Operations and Governance Lead at Digital Pound Foundation Introduction Striving to achieve a robust risk management framework without detriment to the user experience is at the forefront of Billon’s compliance mindset. In my role as Chief Risk Officer, I have […]
Digital Money and Central Banks Balance Sheet
Source: IMF Digital money is a logical step in a process of continuous technological advancement in payment systems. In response, central banks are reviewing their conduct of monetary operations in light of the new shape of financial markets and systems. The impact of digital money will depend on the type of money substitution by digital […]
Block Stars with David Schwartz: Episode 14, Central Bank Digital Currencies
The latest episode of Block Stars features David Schwartz and Antony Welfare—Senior Advisor at Ripple—to discuss the opportunity for DLT technology to support a CBDC system, global adoption and more.
CBDCs present new opportunities for handling disputes and fraud
Source: OMFIF, written by Neha Narula, Tadge Dryja, Muhammad Saad, Adam Oest and Sarah Xu Central bank digital currencies potentially offer, in a digital form, the advantages of central bank money: settlement finality, liquidity and integrity. However, both offline and online commerce are susceptible to fraud and other kinds of disagreements. The existing techniques for […]
Sibos 2022: Gilbert Verdian, Founder and CEO of Quant, joined FinextraTV to discuss digital assets
Gilbert Verdian, Founder and CEO of Quant and Board Director of the Digital Pound Foundation, joined FinextraTV to discuss the traction of digital assets amongst institutions and central banks’ exploration of CBDC use cases.
‘Comprehensive’ International Crypto Rules Proposed by Influential Finance Watchdog
Source: Coindesk Stablecoins could be forced to centralize issuance and major crypto platforms broken up under plans put forward by the Financial Stability Board (FSB) Tuesday. The Financial Stability Board, a watchdog agency and standard setter for the global financial system supported by central banks and finance ministries, wants to see a comprehensive international rulebook […]
Modulr announces membership of Digital Pound Foundation Steering Committee and joins Payments and Use Cases working groups
We are very pleased to announce the addition of Modulr to the Digital Pound Foundation’s membership community. Since its inception in 2016, Modulr has grown to become the leading provider of embedded payments to businesses across the UK and Europe. Authorised by the UK’s FCA, the Central Bank of Ireland and de Nederlandsche Bank as […]
SWIFT sets out blueprint for central bank digital currency network
Source: Reuters Financial messaging system SWIFT has laid out its blueprint for a global central bank digital currency (CBDC) network following an 8-month experiment on different technologies and currencies. The trial, which involved France and Germany’s national central banks as well as global lenders like HSBC, Standard Chartered and UBS, looked at how CBDCs could […]
