Demystifying wholesale central bank digital currency
Source: ECB. Speech by Fabio Panetta, Member of the Executive Board of the ECB, at the Symposium on “Payments and Securities Settlement in Europe – today and tomorrow” hosted by the Deutsche Bundesbank Let me first thank the Deutsche Bundesbank, and President Nagel in particular, for inviting me to speak at today’s symposium. I would […]
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 […]
‘Historic’ moment for crypto as Ethereum Merge finally completed
Source: The Independent One of the most highly-anticipated moments in the history of crypto has finally happened after years of build up. At 7.45am BST on Thursday, Ethereum completed what has been dubbed ‘The Merge’. In doing so, the energy consumption of the world’s second-largest cryptocurrency dropped by more than 99 per cent in an instant. “After bitcoin’s whitepaper […]
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 […]
Regulated Liabilities and the Future of Digital Money | Poundcast Episode 2
Description In this episode, host Jannah Patchay, Policy Lead and one of the originating members of the Digital Pound Foundation speaks to Tony McLaughlin, Managing Director of Emerging Payments and Business Development at Citibank. Jannah and Tony have a wide-ranging discussion on what would make a digital Pound a foundation for innovation and what attributes […]
Ethereum Merge Could Affect Stablecoins & DeFi Protocols, Says Report
Original Source: BeInCrypto Ethereum’s transition to a proof-of-stake (PoS) network could affect DeFi protocols and stablecoins running on the blockchain network, DappRadar revealed in a new report. According to the report, the stablecoin market is huge, and its use on public blockchains like Ethereum has grown significantly making them integral to DeFi operations. The report noted that Ethereum Merge could affect the stability […]
UK Crypto Industry Welcomes New Stablecoin Rules, Awaits Guidance
Original Source: Coindesk Crypto advocates in the U.K. have largely welcomed a new bill that could bring digital assets like stablecoins into the scope of local payments regulation. But there’s uncertainty about how the new rules will look like, should the bill pass. The bill is scheduled to be debated in Parliament for the first […]
A sound regulatory approach for digital assets
Original Source: Quant Over the last five years, investment in cryptocurrency increased from $100 billion to a market cap of $3 trillion in November 2021. During that time, crypto went mainstream. In the UK, ads for crypto exchanges popped up on the underground, billboards and sports stadiums. Consumers were attracted to this new, high-performing asset […]
Central African Republic President Says Successful Launch of Sango Coin a Key Milestone
Original Source: Bitcoin.com According to Central African Republic President Faustin-Archange Touadéra, his country’s launch of the “Sango coin” currency, as well as the call for the creation of a common digital currency by the regional central bank, represent two key achievements for his country and all of Africa. President Touadéra also said “Sango is the […]
Taking digital currencies offline
Original Source: IMF As the world’s central banks rush to develop digital currencies, almost all the research and trials focus on internet-based technology. What will happen when the web goes down in a war or a natural disaster? And what about the 75 percent of the world’s adult low-income population that doesn’t even have internet […]
