Bank of England Publishes Response on Digital Pound, Committing to User Privacy and Control Over Funds
In a significant development regarding the UK’s monetary system, the Bank of England and His Majesty’s Treasury have been engaging in a comprehensive consultation on the introduction of a ‘digital Pound’. This proposed Central Bank Digital Currency (CBDC) is envisioned as a new form of digital money, intended for everyday transactions by households and businesses. […]
UK to Introduce New Regulatory Framework for Stablecoin-Based Payment Systems
The Bank of England has released a detailed discussion paper focusing on the integration of these digital assets into the country’s financial system, underscoring the critical nature of public confidence in money as a cornerstone of economic and financial stability. This initiative comes at a time when two predominant forms of money circulate in the […]
The shape of things to come: innovation in payments and money − speech by Sir Jon Cunliffe
Source: Bank of England Given at Innovate Finance Global Summit, London. In his speech, Jon Cunliffe looks at four areas where the tokenisation of money is now being explored. The first is stablecoins used for payments, the second is the tokenisation of commercial bank deposits, the third is the next stage of the Bank of […]
Minutes of the CBDC Engagement Forum – March 2023
Source: Bank of England Item 1: Welcome Co-chairs Gwyneth Nurse and Jon Cunliffe welcomed Members to the fifth meeting of the CBDC Engagement Forum. Item 2: The digital pound Consultation Paper The Bank of England and HM Treasury presented a summary of the Consultation Paper and the accompanying Technology Working Paper, published on 7 February […]
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 […]
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 […]
Will the UK get its own digital currency?
Bank of England and Massachusetts Institute of Technology joint Central Bank Digital Currency collaboration
