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Nalezeno "Digital Pound": 43

Labour Wants UK to Be a Securities Tokenization Hub and Advance Digital Pound Work

31.1.2024
The opposition party leads the polls in what's likely to be an election year

UK's Digital Pound Approach Should Help Manage Privacy Concerns, Experts Say

31.1.2024
The U.K.'s approach to handling privacy concerns posed by a digital pound should help quench concerns, according to interviews with a wide range of crypto industry legal and technical insiders

Bank of England, HM Treasury Respond to Digital Pound Consultation Amid Strong Public Interest

27.1.2024
Amidst public interest, the Bank of England and HM Treasury have addressed key concerns regarding the digital pound, reassuring the public of stringent legislative measures for privacy and control, alongside the maintenance of traditional cash. HM Treasury and Bank of England Respond to Public’s...

Britcoin: Is a Digital Pound Really on The Horizon?

25.1.2024
The UK Parliament and the Bank of England (BOE) continue to “um and ah” over whether a state-backed digital pound also known as “Britcoin” or a Central Bank Digital Currency (CBDC) is needed. On Wednesday, the UK’s Permanent Secretary of HM Treasury James Bowler, said a digital pound consultation...

Digital Pound Legislation Will Provide Protections to Privacy and Control, Govt Says

25.1.2024
Many respondents to the digital pound consultation said that they had concerns about privacy and control

The Digital Pound Consultation Will Drop Thursday, U.K. Official Says

25.1.2024
There's a number of issues around privacy, financial inclusion, whether there's limits, monetary policy and interest, James Bowler, Permanent Secretary of the Treasury said

UK Treasury Advises Lower Limits on Retail Digital Pound Over Fears of Bank Runs

4.12.2023
The UK Treasury Committee advised proceeding slowly on a digital pound in a Dec. 2 report due to financial stability risks like sparking bank runs. Image by Alexey Novikov, Adobe Stock. The UK Treasury Committee released a report on December 2, advising the Bank of England to proceed cautiously...

UK Lawmakers Urge Lower Digital Pound Holding Limits

4.12.2023
They also want the government to tweak plans to make sure the CBDC’s design won’t preclude the possibility of paying interest on the digital pound

UK Residents Flags Privacy Concerns in Digital Pound Consultations: Bank of England

27.10.2023
The Bank of England (BOE) says the majority of 50,000 feedbacks it received from the public consultation on the digital pound revolve around privacy and fiat scarcity concerns. Jon Cunliffe, the bank’s Deputy Governor disclosed in a speech, Money and payments: a ‘black ships’...

Digital Pound Consultation Received Over 50,000 Responses, With Privacy a Major Concern

27.10.2023
Many of the respondents outlined concerns around privacy, programmability and the decline of cash, Jon Cunliffe, deputy governor of the Bank of England said

Regulated Liability Network identifies proof-of-concept case with digital pound

5.9.2023
The RLN, which places tokenized assets and liabilities on the same ledger, was tested with simulated cross-border CBDC transactions in a previous project

Bank of England Forms Digital Pound Advisory Group to Shape CBDC Design

10.8.2023
Announced on the Bank's Website on Wednesday, the Bank of England (BoE) has established a digital pound advisory group named the CBDC Academic Advisory Group (AAG) and is actively seeking specialists to join this group as the nation enters the CBDC design phase. ... Read More: Bank of England Forms...

Bank of England Wants Digital Pound Advisers as It Moves to CBDC Design Phase

9.8.2023
The Bank of England has also started recruiting for its central bank digital currency engagement forum

Bitcoin ETFs Can Boost ‘Overall Reputation of Certain Cryptocurrencies’ — Brighty App Co-Founder

16.7.2023
According to Nikolay Denisenko, the co-founder and CTO of the financial and earning application Brighty App, the digital version of the pound sterling can be a bridge that enables “easy conversions between different types of crypto, stablecoins, and digital currencies.” Furthermore,...

United Kingdom’s digital pound meets public backlash — Why?

14.7.2023
The use of physical currency for transactions is plummeting globally, so why is the U.K. so tentative with its own central bank digital currency?

Payments Platform Nuggets Working With Bank of England on Privacy Layer for Digital Pound

5.7.2023
The BofE said in February that a digital pound was likely needed, but that it will not make a decision on issuing one until at least 2025

UK Finance: Digital Pound Holdings Should Be Limited to £5,000 to Avoid Panic

4.7.2023
U.K. Finance, one of the largest finance membership organizations in the U.K., has issued its recommendations to the Bank of England regarding the issuance of a digital pound. The organization stated that individual holdings of the proposed central bank digital currency (CBDC) should be capped...