UK Finance, Member Banks See Benefits During Experimental Phase of a Tokenization, CBDC Platform
Barclays, Citi UK, HSBC and Natwest participated in the Regulated Liability Network test.
CBDCThe Bank of England is looking to hire a staff of as many as 30 people to develop a central bank digital currency, the Sunday Times reported, without saying where it got the figure. In February, the U.K.’s central bank and finance ministry said they were starting further research and development on a digital version […]
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Barclays, Citi UK, HSBC and Natwest participated in the Regulated Liability Network test.
CBDCBarclays published a paper exploring options for various digital pound functionality. It concludes an FMI should be responsible.
CBDC Central Bank Digital Currency Digital PoundAfter the real-time gross settlement crash in July, the BOE is looking for a solution to update the network, proposing synchronization for the revamp while considering wCBDCs as an alternative to the current system.
CBDCCBDC
In a new discussion paper, the U.K. central bank also said it wants to ensure stablecoins are interchangeable with the pound.
CBDCThe Bank of England is planning wholesale CBDC (wCBDC) trials alongside RTGS synchronized payments as in Project Meridian
CBDC Central Bank Digital Currency