Digital Pound Use Case Working Group: Progress Update #1
The Digital Pound Foundation’s Use Case Working Group has been making great progress since its formation and has brainstormed a wealth of possible digital Pound use cases, allowing us to group these into themes and start working on the next level of detail. The group, which consists of representatives from various DPF members including Electroneum, […]
Digital euro to support both NFC and QR payments in stores
Source: NFCW The digital euro should be distributed via apps, digital and physical cards and other form factors that enable consumers to make both NFC and QR code in-store payments with the proposed central bank digital currency (CBDC), according to a European Central Bank (ECB) report. The ECB’s third report on the investigative phase of the […]
Visa to Develop Brazilian Blockchain-powered CBDC Project
Source: Cryptonews The payments giant Visa has unveiled a new blockchain and central bank digital currency (CBDC) project in Brazil. Per the Brazilian media outlet Livecoins, the firm was selected by the Brazilian central bank to “explore” blockchain technology-powered “usage cases” for the prototype digital real. The bank is hopeful of debuting its coin later this year. It has also claimed that […]
DPF Response: HMT Consultation and call for evidence on the Future financial services regulatory regime for cryptoassets
The Digital Pound Foundation (DPF) takes pleasure in responding to this HMT Consultation and call for evidence on the Future financial services regulatory regime for cryptoassets. The DPF is supportive of the UK government’s commitment to place the UK’s financial services sector at the forefront of cryptoasset technology and innovation, and to take a staged […]
Digital Pound Foundation joins the Hyperledger Foundation as an Associate Member
We are pleased to announce that the Digital Pound Foundation (DPF) has joined the Hyperledger Foundation as part of a group of 3 new Associate Members which includes the European Blockchain Association (EBA) along with DPF’s existing partners at the Digital Euro Association (DEA). To kick off their affiliation, the 3 new associate members, including […]
China ramps up efforts to push CBDC adoption among public
Source: CryptoSlate China is ramping up its efforts to popularize the use of its central bank digital currency (CBDC) — the digital yuan, or e-CNY — as the project moves closer to its planned national rollout. Starting in May, government employees in the city of Changshu will receive their salaries in the digital yuan. This […]
Regulation of Digital Assets in the UK
Source: Financial Conduct Authority (FCA) Speaker: Sarah Pritchard, Executive Director of Markets, and Executive Director of InternationalEvent: City Week 2023Delivered: 25 April 2023Note: This is a drafted speech and may differ from the delivered version Highlights How the bookworm has turned Have you ever noticed how something once alternative or niche suddenly becomes mainstream? Growing up in the 80s and […]
CBDCs in the spotlight at IFGS 2023
Source: Quant Innovate Finance’s Global Summit took place last week in London and central bank digital currencies were at the heart of the dialogue. Government ministers, central bankers, and commercial bank representatives all agreed: it’s now a question of how – not whether – to implement CBDCs. In his keynote address at Innovate Finance Global […]
Gold-Backed Digital Currency May Help Zimbabwe Hedge Against Inflation
Source: BeInCrypto Zimbabwe’s central bank will launch a gold-backed digital currency, the national newspaper, The Sunday Mail reports. And although technically the tokens could be considered a form of central bank digital currency (CBDC), they are better thought of as digital gold. Digital Gold as a Hedge Against Inflation The new gold-backed tokens are being issued in […]
Potential Scenarios for Deciding to Issue a Digital Shekel
Source: Bank of Israel The Bank of Israel Steering Committee on the Potential Issuance of a Digital Shekel outlines potential scenarios for deciding to issue a digital shekel; The following are the main points: The Bank of Israel must be prepared to advance the issuance of a digital shekel, if the variables listed above support it. […]
