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 […]
UDPN Partners with Digital Pound Foundation to Support Development of Digital Currencies
The Universal Digital Payments Network (UDPN), a payment infrastructure that makes international payments possible for digital currencies of tomorrow, including regulated stablecoins and Central Bank Digital Currencies (CBDCs), has joined the Digital Pound Foundation (DPF) as a strategic partner. The Digital Pound Foundation is a member-led forum supporting the introduction of a well-designed digital Pound. […]
Blockchain in 2024: The year of institutional adoption
The following article was written by Gilbert Verdian, Founder and CEO of Quant – a member of the Digital Pound Foundation. This article first appeared on their website. In this article, Gilbert Verdian identifies and interprets some of the most significant blockchain trends for 2024 (CBDC, programmable payments, regulation, interoperability) and explores the profound impact […]
Project Promissa: A New Collaboration Between World Bank, Swiss National Bank and the BIS Innovation Hub to Test Financial Instrument Tokenization
Project Promissa, a new collaboration announced between the BIS Innovation Hub Swiss Centre, the Swiss National Bank, and the World Bank, is spearheading an experiment to revolutionise the way financial instruments, particularly promissory notes, are managed. These notes, traditionally paper-based, are crucial in funding international financial institutions, including multilateral development banks. As part of a […]
Positive Money Partners with the Digital Pound Foundation to Raise Awareness for the Social and Economic Benefits of Digital Money
We are delighted to announce that Positive Money has joined the Digital Pound Foundation (DPF) as a strategic partner. Positive Money is an independent, not-for-profit research and campaigning organisation working towards a money and banking system that supports a fair, democratic and sustainable economy. The group is politically non-partisan and engages with policymakers from across […]
Nigeria plans to introduce Naira stablecoin (cNGN) in 2024
On Friday, December 22, the Central Bank of Nigeria reportedly released a circular addressed to all banks and financial institutions, revoking its previous prohibition on bitcoin. Additionally, the circular set forth new regulations for Virtual Asset Service Providers operating within Nigeria. A notable development in Nigeria’s financial landscape will be the introduction of a Naira […]
Palau Embarks on Phase Two of Innovative Stablecoin Project with Ripple
The Ministry of Finance of Palau has officially launched the second phase of the Palau Stablecoin (PSC) program. This phase aims to enhance the digital currency’s utility and reach by prioritizing the development of a digital ecosystem and increasing user engagement, while ensuring adherence to regulatory compliance. Jay Hunter Anson, a cybersecurity consultant in Palau […]
Exploring the Evolution of Digital Money – what’s on the Horizon for 2024?
Date: Wednesday 31 January 2024Location: London, UK To mark our 2nd anniversary, on 31 January, the Digital Pound Foundation held an in-person event examining developments in new forms of digital money, looking back at the key highlights of 2023, as well as ahead to 2024, with a particular focus on policy development globally. The event opened with […]
BCBS Proposes New Capital Requirement Rules for Banks Dealing with Digital Assets
The Basel Committee on Banking Supervision (BCBS) recently launched a consultation in an effort to update the rules regarding bank capital requirements as they pertain to crypto-assets. This move represents a substantial step in the evolving landscape of cryptocurrency regulation, particularly focusing on how banks interact with digital assets. Central to the proposed changes is […]
