DPF Response to FCA Discussion Paper 23/4 – Regulating cryptoassets Phase 1: Stablecoins
The Digital Pound Foundation (DPF) welcomes the opportunity to respond to the Financial Conduct Authority’s (the FCA’s) Discussion Paper 23/4 on Regulating cryptoassets Phase 1: Stablecoins (the “Discussion Paper”). We would like to thank the FCA for the in-depth and comprehensive analysis that has been undertaken in drafting the Discussion Paper, as well as the […]
MiCA’s Significance Criteria: A Tool for Stability or Overreach in Stablecoin Regulation?
A new paper by Patrick Hansen (Circle Internet Financial) and Helmut Bauer (Flawless Money) was recently published via SSRN to explore the intricacies of the European Union’s (EU) regulatory approach to fiat-backed stablecoins within the framework of the Markets in Crypto-Assets Regulation (MiCA). The study compares MiCA’s significance regime to established frameworks in banking and […]
The Role of a Digital Pound in Promoting Sustainability
Executive Summary The Digital Pound Foundation Use Case Working Group has been working together to identify, develop and refine a series of key use cases that can be used to illustrate the potential of a retail digital Pound for the UK citizen. With a focus on innovation and use cases that cannot easily be served […]
Monei Launches Euro-Pegged Stablecoin Test under Bank of Spain Supervision
Fintech firm Monei has now initiated a pilot program for a stablecoin pegged to the euro, known as EURM, under the oversight of the Bank of Spain. This pilot, which commenced in January as part of the regulatory sandbox, involves a select group of individual participants to ensure a low margin of error. The purpose […]
Digital Currency Glossary
Foreword This glossary has been produced by UK Finance, The Payments Association, Digital Pound Foundation, TheCityUK, Innovate Finance and City of London Corporation, and supported by CryptoUK, CMS, Clifford Chance, Greengage, Cummings Pepperdine and The Realization Group. This glossary is also available in PDF format – click here to download a print-friendly copy. Digital currencies […]
Digital Pound Foundation joins forces with industry bodies to launch the Digital Currency Glossary, fostering better education on key terms
The Digital Pound Foundation is pleased to be part of launching a new educational tool – the Digital Currency Glossary – which has been developed in collaboration with leading industry bodies and firms including Innovate Finance, TheCityUK, City of London Corporation, UK Finance, The Payments Association, CryptoUK, Clifford Chance, CMS, The Realization Group, Greengage, and […]
Bank of England Museum to Debut King Charles III Bank Notes and Showcase ‘The Future of Money’
The Bank of England Museum’s upcoming exhibition, set to open on 28th February, will showcase the newly minted banknotes featuring King Charles III. This display marks the public’s first glimpse of the notes before they are circulated later in the year. Beyond the new banknotes, the exhibition, aptly titled ‘The Future of Money,’ will delve […]
Poundcast Episode 13: Stablecoins, Tokenized Deposits and the Future of Private Money, with Elise Soucie of GDF
In Episode 13 of the Poundcast, we speak to Elise Soucie, Director of Policy and Regulation at Global Digital Finance (GDF). We discuss how the landscape of new forms of digital money is evolving and take a deeper dive into stablecoins – asking what is a stablecoin, who might want to issue one and why? […]
BIS Outlines Six New Projects Focussed on Tokenization, AI and Big Data, Privacy and Security, and Environmental Sustainability
The Bank for International Settlements (BIS) has outlined its 2024 work programme, introducing six new projects focusing on digital financial technologies. These projects aim to address various challenges in the financial sector, including security and environmental sustainability. The upcoming projects in the 2024 agenda include: Cecilia Skingsley, Head of the BIS Innovation Hub, commented on […]
Circle and Chainlink Collaborate for Cross-Chain Stablecoin Transfers Amid Regulatory Developments
Jeremy Allaire, CEO of Circle, has expressed optimism about the United States passing a significant law pertaining to stablecoins in 2023. This optimism was shared during an interview at the World Economic Forum’s annual meeting in Davos, Switzerland, on January 15. Allaire emphasized the increasing global trend of digital dollars and the need for the […]