Forbes: How Stripe and Stablecoins Are Reshaping Remote Work for a Global Workforce
In the rapidly evolving landscape of remote work, innovative payment solutions are playing a pivotal role in reshaping how businesses operate globally. A recent Forbes article titled “How Stripe and Stablecoins Are Rewiring Remote Work” delves into this transformation, highlighting the convergence of fintech innovations and decentralized finance (DeFi) in streamlining cross-border transactions. The Rise […]
NOBO Joins the Digital Pound Foundation to Help Drive Change in Financial Services Across Europe and Africa
We are excited to announce the addition of NOBO, a fintech that is reducing friction in financial services across Europe and Africa with blockchain and open banking, to the Digital Pound Foundation (DPF) as Associate Members. NOBO’s mission is to provide seamless, secure, and efficient financial services through innovative technology solutions. By leveraging blockchain, integrating […]
New FCA Discussion Paper Outlines Future of UK Cryptoasset Regulation
The Financial Conduct Authority (FCA) has released a discussion paper titled “Regulating Cryptoassets: Admissions & Disclosures and Market Abuse Regime for Cryptoassets“, detailing its proposed approach to regulating the growing cryptoasset market. This initiative forms part of a broader effort by the government to introduce a comprehensive financial services regime for cryptoassets, bringing these activities […]
Tether to Phase Out Support for Euro-Pegged Stablecoin EURt
Tether, the company behind USDt (USDT), the world’s leading stablecoin by market capitalisation, has announced the discontinuation of its euro-backed stablecoin, EURt. The firm is advising users to redeem their EURt holdings within the next year. In a statement issued on 27 November, Tether confirmed it will no longer support EURt on any blockchain, ceasing […]
Former Binance Executives Launching MiCA-Compliant Euro Stablecoin Within Two Weeks
As the Markets in Crypto-Assets Regulation (MiCA) approaches its final enforcement deadline later this year, Europe is set to welcome a new euro-backed stablecoin to the digital currency landscape. Schuman Financial, a recently established cryptocurrency firm founded by former Binance executives Martin Bruncko and Eduardo Morrison, has announced its launch, unveiling its inaugural product, the […]
FCA Highlights Rising Crypto Ownership as It Outlines Regulatory Plans
The Financial Conduct Authority (FCA) has unveiled its latest research on consumer attitudes and behaviours towards cryptocurrency, revealing a notable increase in UK crypto ownership. According to the findings, 12% of UK adults now own cryptocurrency, up from 10% in previous years, while awareness of crypto assets has risen slightly from 91% to 93%. This […]
UK Government’s Approach to Tokenisation and Regulation: Keynote Highlights from Tulip Siddiq MP
Tulip Siddiq MP, Economic Secretary to the Treasury, delivered a keynote at this year’s City and Financial Global Tokenisation Summit outlining the UK government’s progressive strategy in embracing tokenisation and digital assets. Her speech underscored the transformative potential of distributed ledger technology (DLT) and reaffirmed the government’s commitment to positioning the UK as a global […]
Xoom by PayPal Introduces Stablecoin Settlements for Cross-Border Payments
PayPal has announced that its cross-border payments platform, Xoom, will now offer settlement services using PayPal USD (PYUSD). This marks a significant step in integrating stablecoins into global money transfers. As revealed in a press release on Tuesday, 19th November, the service will initially be available to Xoom’s disbursement partners, with Cebuana Lhuillier, a financial […]
Norway Backs EU Crypto Regulation, Weighs Potential CBDC for Financial Stability
Norges Bank, Norway’s central bank, has voiced its support for the European Union’s Markets in Crypto-Assets (MiCA) regulation while evaluating the potential for a central bank digital currency (CBDC) to enhance cross-border payments and bolster financial stability. As part of the European Economic Area (EEA), Norway aligns closely with EU regulations, including MiCA. Kjetil Watne, […]
From Gen Z to the Elderly: Digital Pound Foundation Workshop Identifies Key Use Cases for a Digital Currency
On 23 September 2024, as part of Currency Research’s Digital Currency Conference, the Digital Pound Foundation (DPF) ran a “hands-on” workshop where participants looked to find the killer use case for a digital currency. Participants from central banks, the IMF, corporates and academia sat down to brainstorm why “Anthony’s granny”, the financially excluded/stretched, digitally native […]