The Geopolitical Case for a digital Pound
Hosted: 23 March 2023Location: London, UKNo. Attendees: 68 Panelists included: Jannah Patchay (DPF), William Lovell (Bank of England), Richard Ells (Electroneum), Rebecca Park (Global Counsel), David Karney (Worldline UK&I), and Varun Paul (Fireblocks). Central bank digital currencies (CBDCs) – a digital form of central bank-issued fiat currency – have seen explosive growth in interest over […]
Snapshot: Which countries have made the most progress on CBDCs so far in 2023
Source: Atlantic Council 2023 is already shaping up to be a major year in central bank digital currency (CBDC) exploration. As of March 1, sixty-five countries are in the advanced stage of development, and over twenty central banks have launched their pilots, including Brazil, Japan, and Russia. To dive deeper into these countries, follow our CBDC […]
India, UAE central banks collaborate on CBDCs with cross-border features
Source: Coingeek The Reserve Bank of India (RBI) and the Central Bank of the UAE (CBUAE) have announced that both entities will exchange ideas on the best ways to launch a central bank digital currency (CBDC). The plans were contained in a memorandum of understanding (MoU) signed by both parties that will see both banking regulators conduct joint proof-of-concept […]
Designing the Digital Money of the Future: Digital Pound vs Digital Euro | Poundcast Episode 8
In episode 8, our host Jannah speaks to Sarah Palurovic, Executive Director of our partner organisation, the Digital Euro Association. Sarah is also an economist and research assistant at the Frankfurt School Blockchain Center. Her focus is on executive education in blockchain and digital assets, specializing in the economics of cryptocurrencies and emerging business models. […]
Successful testing paves way for CBDC use cross-border
Source: Swift Central and commercial banks see “clear potential and value” in Swift’s pioneering CBDC interoperability solution, following successful testing in a sandbox environment. Central bank digital currencies (CBDCs) are clearly gaining momentum. But as central banks around the world continue to explore the potential use of central bank-backed digital money in their local markets, […]
Digital Pound Foundation: Advocating for a Well-Designed Digital Pound
Written by Claire Conby, Operations and Governance Lead at the Digital Pound Foundation. Originally published in February 2023 by Central Bank Payments News With over 90% of the world’s major central banks pursuing central bank digital currency (CBDC) projects, there is an ever-increasing number of institutions and organisations across the globe expressing opinions, recommendations and […]
The digital pound: Busting the privacy myths
Source: Quant | Written by Martin Hargreaves, Chief Product Officer at Quant Concerns about CBDCs are ill-founded, writes our Chief Product Officer, because the underlying infrastructure can and would be set up in a way that limits authoritarian controls, surveillance, and protects consumer privacy. This article first appeared in CityAM on 28 February 2023 > […]
India explores offline functionality of CBDCs — RBI executive director
Source: Cointelegraph India’s recently launched in-house central bank digital currency (CBDC) — the digital rupee — is now being tested for offline functionality, revealed Ajay Kumar Choudhary, executive director of the Reserve Bank of India (RBI). The RBI — India’s central bank and regulatory body — launched the wholesale segment pilot for the digital rupee on Nov. 1, 2022, onboarding 50,000 users and 5,000 […]
‘Seven out of 10 – maybe higher’: Bank of England deputy on ‘Britcoin’ likelihood
Source: Global Government Fintech A UK retail central bank digital currency (CBDC) has a seven out of 10 chance and ‘maybe higher’ of becoming a reality, in the personal view of a Bank of England (BoE) deputy governor. Sir Jon Cunliffe quoted the odds, which he emphasised were his private thoughts, to a parliamentary committee […]
Battle not over for crypto-native stablecoin issuers despite BIS chief’s doomsaying
Source: IFLR Crypto-native stablecoins are the hotseat as the race for the future of money rages on Rome was not built in a day and neither was the crypto-native stablecoin industry. Despite Bank of International Settlements (BIS) chief Augustin Carstens proclaiming the “battle has been won” for fiat, crypto-natives will not lay down their swords. […]
