Russia plans to use digital rouble in settlements with China, says lawmaker
Source: Reuters After launching a digital rouble early next year, Russia plans to use the currency in mutual settlements with China as it seeks to reduce Washington’s global financial hegemony, a senior Russian lawmaker said on Monday. Russia, like many countries, has been developing digital money over the last couple of years to modernise its […]
Privacy: Balancing individual and societal needs
On 21st September 2022, the Digital Pound Foundation held a roundtable to discuss the topic of protecting and balancing privacy within the context of CBDCs and other new forms of digital money. The roundtable was in the form of a 90-minute closed, in-person moderated discussion. It was a private session, subject to Chatham House rules, with […]
Hong Kong Monetary Authority to Begin CBDC Trials in Q4: Report
Source: Coindesk The Hong Kong Monetary Authority (HKMA) plans to start trials of its central bank digital currency (CBDC) in the fourth quarter, the South China Morning Post (SCMP) reported Tuesday, citing a media briefing. Hong Kong’s de facto central bank now plans to lay the technology and legal foundations to support the development of “e-HKD” while exploring […]
CBDCs and other new forms of digital money: Goodbye privacy and anonymity?
Authored by Claire Conby, Operational and Governance Lead at the Digital Pound Foundation and Chief Risk Officer at Billon Financial Ltd. Use of physical cash is declining. We are witnessing a growing appetite for digital alternatives, driven not only by private sector innovation, but also by an increasing recognition from central banks and governments of […]
European Central Bank chooses Amazon and 4 other firms to prototype digital euro app
Source: Cointelegraph The European Central Bank, or ECB, has announced it will be collaborating with five companies for the development of potential digital euro user interfaces. In a Friday announcement, the ECB said it had chosen “Big Four” tech company Amazon, fintech firm Nexi, Spanish digital bank CaixaBank, French payments platform Worldline and the European Payments Initiative, […]
Response to Crypto & Digital Assets APPG: Crypto Inquiry 2022
The Digital Pound Foundation takes pleasure in responding to the Crypto & Digital Assets APPG – CRYPTO INQUIRY 2022. 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 and proportionate approach to cryptoasset regulation, which […]
Norwegian central bank uses Ethereum to build national digital currency
Original Source: Cointelegraph The central bank of Norway has hit a major milestone in digital currency efforts, releasing the open source code for the country’s central bank digital currency (CBDC) sandbox. Available on GitHub, the sandbox is designed to offer an interface for interacting with the test network, enabling functions like minting, burning and transferring ERC-20 tokens, the Norges Bank’s […]
Digital Euro to Focus on Personal Use, Not Web3, EU Officials Say
Original Source: Coindesk The central bank digital currency could fail if it doesn’t offer something more than what cash and credit cards do, industry representatives remarked. A retail digital euro will, in the first stage, only enable payments initiated by people, rather than allowing businesses to settle invoices, issue paychecks or be used in decentralized […]
Government payments among three priority use cases for digital euro: ECB
Original Source: Global Government Fintech Government payments are among three use cases that officials have “singled out” for the “first release” of a potential digital euro, a senior figure at the European Central Bank (ECB) has said. The ECB is halfway through a two-year ‘investigation phase’ into a potential central bank digital currency (CBDC) for the 19-member […]
Government payments among three priority use cases for digital euro: ECB
Original Source: Global Government Fintech Government payments are among three use cases that officials have “singled out” for the “first release” of a potential digital euro, a senior figure at the European Central Bank (ECB) has said. The ECB is half way through a two-year ‘investigation phase’ into a potential central bank digital currency (CBDC) for the […]
