Response to HMT Consultation: Managing the Failure of Systemic Digital Settlement Asset (including Stablecoin) firms
The Digital Pound Foundation takes pleasure in responding to this consultation. 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 is sensitive to risks posed and responsive to […]
Working Paper Series: Towards the holy grail of cross-border payments
Original Source: ECB Abstract The holy grail of cross-border payments is a solution allowing cross-border payments to be immediate, cheap, universal, and settled in a secure settlement medium. The search for such a solution is as old as international commerce and the implied need to pay. This paper describes current visions how to eventually find […]
Law Commission for England and Wales proposes reforms for digital assets
Original Source: Cointelegraph The Law Commission of England and Wales is proposing a number of law reforms to provide wider recognition and legal protections for cryptocurrency and digital asset users. The institution is reviewing existing legislation on digital assets at the request of the British government in an effort to accommodate the space as it continues to […]
UK Finance Chief Executive responds to the Chancellor’s Mansion House speech
Responding to Chancellor Nadhim Zahawi’s speech at Mansion House, David Postings, Chief Executive of UK Finance, said: “The Chancellor’s vision in his Mansion House speech is for the UK to have a strong and internationally competitive banking and finance sector, which we strongly welcome. A successful financial services sector is critical for achieving economic growth […]
Digital Asset Series 2022: Navigating CBDC Unknowns
Original Source: Finextra Key trends currently driving CBDC discussions across the globe. The global pandemic and the emergence of cryptocurrencies and stablecoins have accelerated the work on CBDCs. While some nations are further ahead in their CBDC timelines than others, the UK, US and Europe (among many more) are treading carefully, paying careful attention not […]
Treasury Committee launches inquiry into crypto-assets
Original Source: UK Treasury The Treasury Committee today calls for written evidence as it launches a new inquiry into crypto-assets. Inquiry: The crypto-asset industry Treasury Committee In the inquiry, the Committee will explore the role of crypto-assets in the UK, as well as the opportunities and risks they bring to consumers and businesses. The Committee […]
South Africa’s central bank wants to regulate cryptos, possibly issue a CBDC
Source: Seeking Alpha South Africa’s central bank is seeking to regulate cryptocurrencies and possibly issue a central bank digital currency at a time when the decentralized space is getting increasingly scrutinized by regulators across the globe. For crypto, “Our view has changed and we now regard it as a financial asset and we hope to regulate […]
Stablecoins’ role in crypto and beyond: functions, risks and policy
Original Source: European Central Bank (ECB) Prepared by Mitsu Adachi, Pedro Bento Pereira Da Silva, Alexandra Born, Massimo Cappuccio, Stephanie Czák-Ludwig, Isabella Gschossmann, Georg Paula, Antonella Pellicani, Sarah-Maria Philipps, Mirjam Plooij, Ines Rossteuscher and Pierfrancesco Zeoli[1] Stablecoins are in the spotlight due to their rapid growth, increasing global use cases and potential financial risk contagion […]
Opening Remarks at Peer-Learning Series on Digital Money/Technology: Central Bank Digital Currency and the Case of China
Original source: International Monetary Fund (IMF) Krishna Srinivasan, Asia and Pacific Department Director, IMF Good morning, everyone, and good evening if you’re in the Western Hemisphere. Thank you for joining in today’s event on Central Bank Digital Currency and the Case of China. As Alfred indicated, this is the second event in our new series […]
Clifford Chance joins Digital Pound Foundation membership community to co-lead new Policy, Legal and Regulatory Working Group
We are pleased to announce the addition of Clifford Chance to the Digital Pound Foundation’s membership community. As one of the world’s pre-eminent law firms, Clifford Chance’s global reach and breadth of expertise across fintech is industry-leading. We are also delighted to announce that Clifford Chance will be co-chairing the Digital Pound Foundation’s Policy, Legal […]
