This week's net.wars, "Cryptocurrency winter" finds the central banks' efforts to create retail central bank digital currencies failing to find mass adoption everywhere they're tried: https://netwars.pelicancrossing.net/2023/05/19/cryptocurrency-winter/ #NetWars #cryptocurrencies #CBDCs #DigitalPound
#netwars #cryptocurrencies #CBDCs #DigitalPound
"An overview of what central bank digital currencies are, what they might offer, and progress on developing a digital pound." https://researchbriefings.files.parliament.uk/documents/CBP-9191/CBP-9191.pdf
#digitalPound #CBDC #UKParliament #BankofEngland #centralbanks
#centralbanks #bankofengland #ukparliament #cbdc #DigitalPound
Published today: the Regulatory Initiatives Grid from the UK Financial Services Regulatory Initiatives Forum that "sets out the regulatory pipeline, in order to give firms a clear view of upcoming regulatory initiatives."
Includes #cryptoassets, #stablecoins, #CBDC, #payments, and #banking
https://fca.org.uk/publication/corporate/regulatory-initiatives-grid-feb-2023.pdf
#digitalPound #CBDC #regulation #supervision #prudentialregulation
#BankofEngland #UnitedKingdom #England #FinancialConductAuthority #FCA #centralbanks
#centralbanks #fca #FinancialConductAuthority #england #unitedkingdom #bankofengland #prudentialregulation #supervision #regulation #DigitalPound #banking #payments #cbdc #stablecoins #cryptoassets
Bank of England, What is a CBDC? (Explainer), Updated February 7, 2023
β Available here: https://www.bankofengland.co.uk/explainers/what-is-a-central-bank-digital-currency
#digitalPound #CBDC #digitalcurrency #cryptoassets #cryptocurrency #banking #financialservices #paymentsystems #BankofEngland #centralbanks #HMTreasury #England #UnitedKingdom
#unitedkingdom #england #hmtreasury #centralbanks #bankofengland #paymentsystems #financialservices #banking #Cryptocurrency #cryptoassets #digitalcurrency #cbdc #DigitalPound
Bank of England, What is a CBDC? (Explainer), Updated February 7, 2023
β Available here: https://www.bankofengland.co.uk/explainers/what-is-a-central-bank-digital-currency
#digitalPound #CBDC #digitalcurrency #cryptoassets #cryptocurrency #banking #financialservices #paymentsystems #BankofEngland #centralbanks #HMTreasury #England #UnitedKingdom
#unitedkingdom #england #hmtreasury #centralbanks #bankofengland #paymentsystems #financialservices #banking #Cryptocurrency #cryptoassets #digitalcurrency #cbdc #DigitalPound
Hmmm ... π€
The digital pound: A new form of money for households and businesses? https://www.bankofengland.co.uk/paper/2023/the-digital-pound-consultation-paper #DigitalPound
HM Treasury and Bank of England announce plans for a digital pound
The BoE has launched a consultation on the introduction of its own digital pound, inviting private companies and members of the public to provide feedback regarding its design and implementation.
https://www.computing.co.uk/news/4074207/hm-treasury-bank-england-announce-plans-digital-pound
#uk #technews #DigitalPound #bankofengland #cbdc
Jon Cunliffe, Deputy Governor of the Bank of England, The digital pound, Bank of England, February 7, 2023
β Available here: https://www.bankofengland.co.uk/speech/2023/february/jon-cunliffe-speech-at-uk-finance-update-on-central-bank-digital-currency
#digitalPound #CBDC #wholesaleCBDC #retailCBDC #cryptoassets #stablecoin #RTGS #tokenization #digitalcurrency #banking #financialservices #paymentsystems #BankofEngland #centralbanks #HMTreasury #England #UnitedKingdom
#unitedkingdom #england #hmtreasury #centralbanks #bankofengland #paymentsystems #financialservices #banking #digitalcurrency #tokenization #RTGS #stablecoin #cryptoassets #retailcbdc #WholesaleCBDC #cbdc #DigitalPound
Bank of England, The digital pound: Technology Working Paper, February 7, 2023
#digitalPound #CBDC #digitalcurrency #banking #financialservices #paymentsystems #BankofEngland #centralbanks #HMTreasury #England #UnitedKingdom
#unitedkingdom #england #hmtreasury #centralbanks #bankofengland #paymentsystems #financialservices #banking #digitalcurrency #cbdc #DigitalPound
The digital pound: a new form of money for households and businesses? Presented to Parliament by the Economic Secretary to the Treasury by Command of His Majesty, February 2023
#digitalPound #CBDC #digitalcurrency #banking #financialservices #paymentsystems #BankofEngland #centralbanks #HMTreasury #England #UnitedKingdom
#unitedkingdom #england #hmtreasury #centralbanks #bankofengland #paymentsystems #financialservices #banking #digitalcurrency #cbdc #DigitalPound
Bank of England, HM Treasury and Bank of England consider plans for a digital pound, February 7, 2023
β Available here: https://www.bankofengland.co.uk/news/2023/february/hm-treasury-and-boe-consider-plans-for-a-digital-pound
#digitalPound #CBDC #digitalcurrency #banking #financialservices #paymentsystems #BankofEngland #centralbanks #HMTreasury #England #UnitedKingdom
#unitedkingdom #england #hmtreasury #centralbanks #bankofengland #paymentsystems #financialservices #banking #digitalcurrency #cbdc #DigitalPound
I'd love to know what problem a "digital pound" is supposed to solve.
My guess is that it's the problem of "how can we make sure that some mate of some government minister who runs a company doing crypto stuff can get a lucrative contract"