BoE engages external experts for CBDC projects

BoE engages external experts for CBDC projects

Source: Global Government Fintech The Bank of England (BoE) is advancing its research into the technical possibilities of a potential central bank digital currency (CBDC) by engaging a consultancy, Consult Hyperion, on a pair of assignments each carrying a value of more than £100,000 (about $122,000), Global Government Fintech can reveal. A decision has yet to be […]

UN pilots blockchain and USDC stablecoin for disbursements in Ukraine

UN pilots blockchain and USDC stablecoin for disbursements in Ukraine

Source: Global Government Fintech The United Nations (UN) agency that helps refugees is trialling blockchain technology and a well-known so-called ‘stablecoin’ pegged to the US dollar for digital cash distribution to internally displaced persons and other war-affected people in Ukraine. UNHCR is working with the US-headquartered Stellar Development Foundation on the pilot initiative, which is […]

Bank of England focuses on offline payments in CBDC proof-of-concept

Source: Global Government Fintech The Bank of England (BoE) is looking to bring in external expertise for a project exploring the ‘complicated’ possibilities and challenges of offline central bank digital currency (CBDC) payments. A decision has yet to be made on whether to introduce a CBDC in the UK and the BoE has been relatively […]

Government payments among three priority use cases for digital euro: ECB

Original Source: Global Government Fintech Government payments are among three use cases that officials have “singled out” for the “first release” of a potential digital euro, a senior figure at the European Central Bank (ECB) has said. The ECB is halfway through a two-year ‘investigation phase’ into a potential central bank digital currency (CBDC) for the 19-member […]

Government payments among three priority use cases for digital euro: ECB

Original Source: Global Government Fintech Government payments are among three use cases that officials have “singled out” for the “first release” of a potential digital euro, a senior figure at the European Central Bank (ECB) has said. The ECB is half way through a two-year ‘investigation phase’ into a potential central bank digital currency (CBDC) for the […]

ECB consults experts over ‘privacy-enhancing’ digital euro tech

Original Source: Global Government Fintech The European Central Bank (ECB) has invited external experts to participate in a short series of technical deliberations on data privacy-related challenges involved in designing a digital euro. Talks are set to focus on the ‘large-scale application of privacy-enhancing technologies in settlement of retail payments’, according to a short ECB online […]

CBDCs on the rise: public policy motivations under the microscope

Original Source: Global Government Fintech Global Government Fintech Lab: Panel Session Five The Global Government Fintech Lab 2022’s fifth panel session explored the public policy considerations behind the mounting interest in central bank digital currencies Central bank digital currencies (CBDCs) are an increasingly prominent topic for government authorities worldwide. The fifth (and final) session of […]