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Tag: digital pound

U.K. Central Bank and Treasury Believe Digital Pound is Needed

According to a story that was published by the Daily Telegraph on February 4, the Bank of England (BoE) and His Majesty's Treasury feel...

Bitcoin Rallied over the Weekend and UK Treasury is in Search for a CBDC Head

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Bitcoin continued its comeback over the weekend, as it rallied to a high...

Ripple Leads the Way in Creating First Digital Currency for Montenegro

Recently, Dr. Dritan Abazović, who has been the prime minister of Montenegro since 28 April 2022, reported on his meeting with two executives from...

$XRP: US Lawyer Explains How ‘XRP Ledger Could Interact With CBDCs’

On Thursday (26 January 2023), Jeremy Hogan, a partner at the American law firm Hogan & Hogan, who has been closely following and commenting on the U.S....

The U.K. government is recruiting for a head to its central bank digital currency project

The economic and financial ministry of the United Kingdom’s government, known as His Majesty’s Treasury, is in the process of hiring a head of...

HM Treasury advertises for CBDC lead

The UK Treasury is advertising for a candidate to steer the Government's approach to the introduction of a central bank digital currency. ...

UK exploring a digital pound

A digital pound could be launched in the U.K. as part of the country’s effort to introduce better regulation to the...

UK Includes Crypto Assets in Financial Services Reform Package

The UK government today announced a package of more than 30 reforms to financial regulation, including the extension of tax breaks for investment managers...

Bank of England Deputy Governor says the UK may need Digital Pound following the collapse of FTX

So it begins! Last Tuesday, New York Federal Reserve and global banking giants Citigroup, Wells Fargo, and Mastercard started a Digital Dollar pilot project. It...

FTX implosion shows need for crypto regulation – BofE’s Cunliffe

The collapse of FTX, and the fact that its failures were more organisational than technological, highlights the importance of properly regulating the crypto...

Ripple Partners With Digital Euro Association to Work on CBDCs

On Friday (February 11), the Digital Euro Association (DEA) announced that it was “delighted” about a new partnership with FinTech firm Ripple. The Digital Euro Association (DEA) is “a think tank specializing in central bank digital currencies (CBDCs), stablecoins, crypto assets, and other forms of digital money.” Its mission is “to contribute to the public […]

India confirms digital rupee CBDC to debut by 2023

The finance minister announced a raft of digital economy support measures in her Union Budget 2022-23 speech.

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