Quant collaborates with BIS and the Bank of England on Project Rosalind
Source: Quant We’re proud to announce our role as part of the vendor team for Project Rosalind. The project, led by the Bank for International Settlements and the Bank of England, explored how application programming interfaces could be used for central bank digital currency systems. Project Rosalind, directed by the BIS Innovation Hub London Centre, […]
Ripple and Peersyst Partner with Colombia’s Banco de la República in Advancing the Implementation and Utilization of Blockchain Technology
Source: Ripple The pilot program will evaluate high value payments use cases using the Ripple CBDC Platform based on the core technology of the XRP Ledger Ripple, the leader in enterprise blockchain and crypto solutions, announced today its collaboration with the Banco de la República, Colombia’s Central Bank, to explore blockchain technology use cases. The […]
Fostering Responsible Growth Of Blockchain Technology
Testimony of Dr. Emin Gün Sirer, Founder & CEO, AvaLabs, Inc. before the United States House of Representatives, House Financial Services Committee. Chairman McHenry, Ranking Member Waters, and Members of the Committee, It is an honor to be here with you today. I thank you for the opportunity to appear before you as a computer […]
Hong Kong Monetary Authority to Prepare for Retail CBDC
Source: Coindesk The Hong Kong Monetary Authority (HKMA) has said it will start laying the foundation to implement a retail central bank digital currency in a report published on Friday. Although it had been looking into the development of a digital version of the Hong Kong dollar – dubbed “e-HKD” –since at least 2017, a recent study […]
The Nature of Money: The Role of Currency in the Digital Era | Poundcast Episode 9
In episode 9, our host Jannah Patchay speaks to Kene Ezeji-Okoye, Co-Founder and Co-CEO of Millicent Labs. In this episode, Jannah and Kene discuss the rise of digital currencies in the context of digital fiat, how central banks reacted to the advent of stablecoins and in particular the potential threat posed by Facebook’s Libra / […]
Most Americans still skeptical about CBDC, says Cato/YouGov survey
Source: Ledger Insights A recent poll by YouGov and the Cato Institute found that 34% of Americans oppose the issuance of a central bank digital currency (CBDC), compared to 16% who favor it. Fears of government control, elimination of cash, and cyberattacks continue to weigh on people’s views of a digital dollar, especially among U.S. Republicans. Trust in the […]
UK Crypto Think Tank Warns Government of CBDC Privacy, Security Risks
Source: Decrypt While there are a “number of potential benefits” associated with central bank digital currencies (CBDCs), the UK government “should carefully consider and seek to mitigate any potential risks” associated with the development and potential introduction of the so-called digital pound.” This is particularly relevant “in relation to financial stability, privacy, and security risks,” […]
CBDCs can help protect against surveillance capitalism
Source: OMFIF, written by Lewis McLellan Among digital privacy advocates, the launch of central bank digital currencies is often greeted with suspicion and alarm. On both sides of the Atlantic, there are concerns that CBDCs represent an opportunity for the state to obtain greater oversight over payments systems. In Europe, protesters demonstrated against a digital euro […]
Bank of England awards digital pound ‘sample wallet’ contract
Source: Global Government Fintech The Bank of England (BoE) has inked a contract with a consultancy to develop a central bank digital currency (CBDC) digital wallet proof-of-concept as it looks to ‘make the CBDC product more tangible’. A decision has yet to be made on whether to introduce a digital pound. But the central bank, […]
CBDC platforms are revolutionising financial inclusion
Source: OMFIF, written by Koji Fusa For many of those involved in implementing central bank digital currency platforms, the goal is the same: financial inclusion. While most households can access some form of digital payments, there are still 2.5bn people globally who do not have bank accounts. Without a bank account and, subsequently, no payment history to show, credit for this population is not guaranteed and they may fall victim to […]
