Quant, HSBC, R3, Visa, among 13 others chosen by UK Finance to join next prototype phase
UK Finance has unveiled plans for a new phase of experimentation within the UK Regulated Liability Network (RLN), involving eleven of its member institutions. The RLN initiative aims to establish a versatile ‘platform for innovation’ accommodating various forms of currency, including traditional commercial bank deposits and tokenized equivalents. By fostering collaboration among multiple stakeholders in […]
Designing interoperability for a potential UK CBDC
Original Source: UK Finance The Bank of England (the Bank) and HM Treasury are currently considering whether the introduction of a UK retail central bank digital currency (CBDC) would be beneficial for the UK economy and the continued integrity of pound sterling in light of increasing use of digital money. This decision could have a […]
UK Finance Chief Executive responds to the Chancellor’s Mansion House speech
Responding to Chancellor Nadhim Zahawi’s speech at Mansion House, David Postings, Chief Executive of UK Finance, said: “The Chancellor’s vision in his Mansion House speech is for the UK to have a strong and internationally competitive banking and finance sector, which we strongly welcome. A successful financial services sector is critical for achieving economic growth […]
Commercial models of a potential UK retail CBDC
Original Source: UK Finance The Bank of England (the Bank) and HM Treasury are currently considering whether the introduction of a UK retail central bank digital currency (CBDC) would be beneficial for the UK economy and the continued integrity of pound sterling in light of increasing use of digital money. This decision could have significant […]
Formation of the UK Industry Digital Currencies Coordination Group
The Digital Pound Foundation, The Payments Association and UK Finance have established a new group, with the aim of creating a forum for discussion and collaboration around the industry’s response to digital currency developments in the UK. This will include the potential for a Central Bank Digital Currency (CBDC) and the regulatory approach to stablecoins […]
Baking in interoperability for a UK central bank digital currency – What are the ingredients?
