Ukraine Speeds Up Digital Hryvnia Project, Plans Pilot for This Year
Source: Bitcoin.com Ukrainian authorities are speeding up the development of the electronic hryvnia, a high-ranking government official indicated. The executive power in Kyiv is now in talks with the central bank and businesses involved in the project to pilot the digital currency as early as this year. Minister Says Ukraine Aims to Launch Digital Hryvnia […]
Laos central bank launches CBDC pilot
Source: NFC World The central bank of Laos has begun testing a proof of concept central bank digital currency (CBDC) known as the DLak or digital Lao kip as part of its research into the potential issuance of a CBDC in the country. During the pilot the Bank of the Lao PDR will issue the CBDC to […]
UAE Central Bank launches programme to boost digital transformation in financial services
Source: The National The UAE’s Central Bank has announced a new programme to accelerate digital transformation in the financial services sector, with initiatives spanning open finance and a new digital currency. The Financial Infrastructure Transformation Programme also includes a domestic card scheme, an instant payments platform, financial cloud and supervisory technology, the Central Bank said in […]
The digital pound is right on time to underpin the UK’s transition to a digital economy
Source: CityAM | Written by Jannah Patchay, Policy Lead at the Digital Pound Foundation The public debate around whether or not Britain should have a digital pound entered a new dimension this week. Statements were issued by both the Chancellor of the Exchequer, Jeremy Hunt, and the Governor of the Bank of England, Andrew Bailey, announcing the […]
Commercial stablecoin issuance – Part I: Considerations and benefits
Source: Quant Banks around the world – including some well-known global brands – have begun issuing their own digital currency known as commercial stablecoins. The benefits are significant but it’s not all plain sailing: there are a variety of factors to consider before implementing. Not to be confused with algorithmic stablecoins, commercial stablecoins are a […]
The digital pound − speech by Jon Cunliffe at UK Finance
Source: Bank of England | Photograph of Jon Cunliffe via Flickr by Felix Clay Speech As some of you may have seen, the Bank of England and the Treasury have today published, as a Consultation Paper, the report of the Bank of England – HM Treasury Taskforce on the introduction in the UK of a central […]
The digital pound: Technology Working Paper
Source: Bank of England This paper accompanies a Consultation Paper on the digital pound and outlines the Bank of England’s emerging thinking on CBDC technology. Overview This paper accompanies a Consultation Paper on the digital pound and outlines the Bank of England’s emerging thinking on CBDC technology. It explores technology design considerations which help to form a […]
The digital pound: A new form of money for households and businesses?
Source: Bank of England Consultation description HM Treasury and the Bank of England have published a joint consultation. The consultation paper sets out analysis by HM Treasury and the Bank of England on the potential case for a UK central bank digital currency – a “digital pound” and consult on the key features of a […]
India’s retail giant Reliance to accept CBDC at stores
Source: TechCrunch Reliance Retail, India’s largest retail chain, will start accepting retail payments in digital rupee in a move that could supercharge the adoption of the country’s recently launched CBDC. The Mukesh Ambani-led firm said it has partnered with ICICI Bank, Kotak Mahindra Bank and fintech Innoviti Technologies to launch the in-store support for digital rupee. […]
HM Treasury Open consultation: Future financial services regulatory regime for cryptoassets
Source: HM Treasury Summary This consultation sets out proposals for the UK’s financial services regime for cryptoassets, and marks the next stage of the UK’s phased approach This consultation closes at9am on 30 April 2023 Consultation description In April 2022, the government committed to introducing a new regulatory regime for cryptoassets, reflecting the risks and […]
