BoE’s Cunliffe: FTX collapse demonstrates need for crypto regulation
Source: Investment Week The collapse of FTX provides a “compelling demonstration” of why greater regulation of the cryptoassets space is necessary, said Jon Cunliffe, deputy governor of the Bank of England, in a speech yesterday (21 November). Describing the collapse as “probably the largest – and certainly the most spectacular – failure to date in […]
DPF First Year Anniversary
Hosted: 15 November 2022Location: London, UKNo. Attendees: 124 Panellists included: Susan Friedman (Ripple), Claire Conby (DPF), Jannah Patchay (DPF), Christian Walker (Poundtoken), Marjan Delatinne (SETL), and Keith Bear (Judge Business School, University of Cambridge). On the first anniversary of the launch of the Digital Pound Foundation (DPF), we were delighted to welcome cross-industry participants to […]
FTX stablecoin reserves plunge as community fears bankrun
Source: CryptoSlate The crypto community fears FTX might cause another Terra-like crash after the stablecoin reserves on the exchange fell significantly over the last 24 hours. FTX stablecoin outflow leads other exchanges As reported by The Data Nerd, Nansen data shows that FTX stablecoin outflow was the highest among exchanges over the last seven days. According to the screenshot, […]
Transformative Potential: Digital Money in Wholesale Markets | Poundcast Episode 3
Description In episode 3, our host Jannah Patchay, Policy Lead and originating member of the Digital Pound Foundation, speaks to Olaf Ransome, founder of 3C Advisory and also known as The Banker’s Plumber. In this interview, we turn our attention to the applications of new forms of digital money in wholesale markets. As we’ll see, […]
The Benefits of a True Risk-Based Approach to Digital Onboarding
Written by: Claire Conby, Chief Risk Officer & Executive Director at Billon Financial Ltd, and Operations and Governance Lead at Digital Pound Foundation Introduction Striving to achieve a robust risk management framework without detriment to the user experience is at the forefront of Billon’s compliance mindset. In my role as Chief Risk Officer, I have […]
Here Are Rishi Sunak’s Most Urgent Crypto Tasks as UK Leader
Source: Bloomberg As Chancellor of the Exchequer, Rishi Sunak outlined an ambitious plan to turn the UK into a crypto hub. As prime minister, he’ll be under pressure to deliver on that pledge while at the same time containing an economic crisis. Crypto executives and investors interviewed by Bloomberg News greeted Sunak’s appointment with cautious […]
‘Comprehensive’ International Crypto Rules Proposed by Influential Finance Watchdog
Source: Coindesk Stablecoins could be forced to centralize issuance and major crypto platforms broken up under plans put forward by the Financial Stability Board (FSB) Tuesday. The Financial Stability Board, a watchdog agency and standard setter for the global financial system supported by central banks and finance ministries, wants to see a comprehensive international rulebook […]
Modulr announces membership of Digital Pound Foundation Steering Committee and joins Payments and Use Cases working groups
We are very pleased to announce the addition of Modulr to the Digital Pound Foundation’s membership community. Since its inception in 2016, Modulr has grown to become the leading provider of embedded payments to businesses across the UK and Europe. Authorised by the UK’s FCA, the Central Bank of Ireland and de Nederlandsche Bank as […]
FinovateFall 2022: Q&A with Ripple’s James Wallis on CBDCs, crypto and blockchain
Source: Fintech Futures At the FinovateFall 2022 conference in New York, FinTech Futures sat down with James Wallis, VP of central bank engagements at Ripple, to get his views on the rise of central bank digital currencies (CBDCs), use cases for cryptocurrencies in banking and payments and the future of blockchain technology. FinTech Futures: You’re here to give […]
The benefits of CBDCs, and designing a system that delivers them
Written by Martin Hargreaves, Chief Product Officer at Quant Central bank digital currencies (CBDCs) promise to vastly improve electronic payments by fundamentally changing the nature of money. These new digital currencies are programmable and offer the potential to help consumers and businesses better control their spending. Additionally, they can make cross-border payments faster and cheaper, protect individual […]
