CBDCs & Privacy: Considerations for an International Landscape
Privacy, being a fundamental human right, holds significant importance in the investigation and development of Central Bank Digital Currencies (CBDCs). Preliminary evidence suggests that the level of privacy associated with CBDC use will greatly influence the adoption and usage of CBDCs. Currently, there is a perceived tradeoff between safeguarding users’ privacy and ensuring compliance with […]
CBDC Expert Sarah Breeden Named Bank of England Deputy Governor
In a strategic move to bolster financial stability in the United Kingdom, Sarah Breeden, a senior Bank of England official and member of the Central Bank Digital Currency (CBDC) task force, has been appointed as the new deputy governor. The announcement comes as Jon Cunliffe’s term draws to a close, during which he played a […]
Bank of Korea Selects Three Regions for Central Bank Digital Currency Pilots
The Bank of Korea has taken a significant step forward in its plans to develop a central bank digital currency (CBDC) by narrowing down its choices for pilot testing. According to a report from a local South Korean media outlet, the bank has chosen three regions as candidates for the “private target CBDC test bed”: […]
Innovating Britain: The Future of Fintech and Digital Currencies | Poundcast Episode 10
Please note this episode was recorded before the ETD bill gained its royal assent. In episode 10, Poundcast’s host Jannah Patchay is having a conversation with Lord Chris Holmes of Richmond MBE regarding the UK’s leading role in the areas of innovation, fintech, and the emerging digital economy. They discuss recent changes in UK legislation […]
Banque de France Reveals Wholesale CBDC Experiment Findings Using DLT Technology
The Banque de France has released new conclusions and lessons learned from its wholesale central bank digital currency (wCBDC) experiments using distributed ledger technologies (DLTs). Building on the initial report published in 2021, these findings contribute to the Eurosystem’s exploration of how wholesale financial transactions recorded on DLT platforms could settle in central bank money. […]
Pakistan’s State Bank Eyes CBDC Launch by 2025 Amid Global Innovation Pace
The State Bank of Pakistan (SBP) has expressed its interest in launching a central bank digital currency (CBDC) experiment, adopting a cautious approach to its development. SBP Governor Jameel Ahmad stated that the bank aims to accelerate CBDC development in the coming months to keep pace with global innovation. There are hints that a CBDC […]
Russia Embraces Digital Ruble: President Putin Signs CBDC Law for Central Bank-Backed Currency
Today, President Vladimir Putin of Russia officially signed the digital ruble bill into law, granting the country’s central bank the authority to issue its own digital currency. The digital ruble, a concept that the Bank of Russia has been carefully considering, will be integrated into the payment ecosystem alongside traditional methods, as outlined in the […]
CMS joins Digital Pound Foundation and will Co-Lead Policy, Legal and Regulatory Working Group
We are pleased to announce the addition of CMS to the Digital Pound Foundation’s (DPF’s) membership community. With 79 offices in over 40 countries and 5,000+ lawyers worldwide, CMS is a full service law firm which offers deep local market understanding with a global perspective. The firm has built a particular specialism in digital currencies […]
Challenges and Prospects for BRICS Common Currency: Insights from Bank of Russia’s Governor
Unraveling BRICS Common Currency Challenges & Prospects: Bank of Russia’s Insights. Explore economic comparisons & complexities in this financial landscape.
Latin America Leads CBDC Adoption: A Roadmap for Digital Finance Revolution
Latin American countries have been making steady progress towards CBDCs. According to a report by the International Monetary Fund (IMF), the majority of central banks in the region are currently evaluating CBDCs. While most of the research and development is still in the early stages, a few nations have made significant strides towards the launch […]
