EU Backs Plans for an EU-Wide Digital Wallet for Secure Online Authentication

The European Union has backed plans for a new EU-wide wallet, which would enable EU citizens to securely identify and authenticate themselves online without relying on third-party commercial services, addressing concerns related to trust, security, and privacy. The Digital Identity Wallet would be designed for voluntary use. Throughout the negotiation process, Members of the European […]

Hong Kong Advances Digital Yuan and CBDC Initiatives

Hong Kong Advances Digital Yuan and CBDC Initiatives

Hong Kong is actively expanding the reach of the digital yuan while simultaneously advancing its own central bank digital currency (CBDC) initiatives and finalising discussions on stablecoin regulations. The introduction of China’s digital yuan marked a significant milestone in the development of CBDCs globally, drawing considerable attention due to its success and prominence. Recently, it […]

South Africa Plans to Embrace Digital Payments and Blockchain for Greater Financial Inclusion

South Africa Plans to Embrace Digital Payments and Blockchain for Greater Financial Inclusion

South Africa’s latest annual budget unveils a strategic plan by the treasury to enhance digital payment adoption. This initiative includes a thorough evaluation of stablecoins and blockchain technology, aiming to enrich the lives of marginalized communities. The 2024 budget review underscores the urgency of structural reforms and the improvement of public financial management, with a […]

Swiss City of Lugano Launches Blockchain Bond with Wholesale CBDC Settlement

Swiss City of Lugano Launches Blockchain Bond with Wholesale CBDC Settlement

In Switzerland, the city of Lugano has announced the issuance of its second blockchain bond, following its initial blockchain bond launch a year prior. This recent issuance, valued at CHF 100 million, integrates with the Swiss National Bank’s (SNB) Project Helvetia, marking a significant step by settling transactions in wholesale central bank digital currency (CBDC). […]

Updated Digital Euro Legislation Supports Permissionless Blockchains

Updated Digital Euro Legislation Supports Permissionless Blockchains

This week, the EU’s parliamentary Committee on Economic and Monetary Affairs convened to discuss the digital Euro, unveiling an updated draft of the digital Euro legislation with significant revisions, including backing for permissionless blockchains. The draft now allows conditional payments in digital Euros on permissionless distributed ledgers, expanding beyond privately issued assets like crypto-assets or […]

Philippines set to launch a wholesale CBDC within the next two years

Philippines set to launch a wholesale CBDC within the next two years

The Philippines is poised to launch a central bank digital currency (CBDC) within the next two years, following the lead of other regulators who have introduced such digital assets to counter the volatility of cryptocurrencies and offer an alternative means of payment and asset storage. Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. has […]

The Role of a Digital Pound in Promoting Sustainability

The Role of the Digital Pound in Promoting Sustainability

Executive Summary  The Digital Pound Foundation Use Case Working Group has been working together to identify, develop and refine a series of key use cases that can be used to illustrate the potential of a retail digital Pound for the UK citizen. With a focus on innovation and use cases that cannot easily be served […]

DPF Response to Bank of England Discussion Paper: Regulatory regime for systemic payment systems using stablecoins and related service providers

Bank of England Discussion Paper: Regulatory regime for systemic payment systems using stablecoins and related service providers

The Digital Pound Foundation (DPF) welcomes the opportunity to respond to the Bank of England’s (the Bank’s) Discussion Paper on the Regulatory regime for systemic payment systems using stablecoins and related service providers (the “Discussion Paper”). The DPF’s stated remit is to advocate for and support the implementation of a well-designed digital Pound, in both […]

Digital Currency Glossary

A handy guide to digital currency terms

Foreword This glossary has been produced by UK Finance, The Payments Association, Digital Pound Foundation, TheCityUK, Innovate Finance and City of London Corporation, and supported by CryptoUK, CMS, Clifford Chance, Greengage, Cummings Pepperdine and The Realization Group. This glossary is also available in PDF format – click here to download a print-friendly copy. Digital currencies […]

Digital Pound Foundation joins forces with industry bodies to launch the Digital Currency Glossary, fostering better education on key terms

Digital Pound Foundation joins forces with industry bodies to launch the Digital Currency Glossary, fostering better education on key terms

The Digital Pound Foundation is pleased to be part of launching a new educational tool – the Digital Currency Glossary – which has been developed in collaboration with leading industry bodies and firms including Innovate Finance, TheCityUK, City of London Corporation, UK Finance, The Payments Association, CryptoUK, Clifford Chance, CMS, The Realization Group, Greengage, and […]

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