Ledger Insights: Wednesday July 05, 2023
UK Finance believes the holding limits proposed for the digital pound CBDC are far too high. Also wants deposit tokens considered
Last week,UK Finance Britains leading financial services trade association responded to theBank of Englandsrecentdigital pound consultation. It is particularly worried about the high holding limits currently envisaged for the central bank digital currency (CBDC) project. The organization that absorbed the British Bankers Association in 2017 argued that the proposed holding limits of 10-20,000 ($13-$26,000) []
The post UK Finance: digital pounds proposed holding limits are too high appeared first on Ledger Insights - blockchain for enterprise.
CoinGeek: Wednesday November 06, 2024
At the Group of Thirty's 39th Annual International Banking Seminar, BoE Governor Andrew Bailey emphasized the need to modernize payment systems, particularly cross-border and wholesale payments.
CBDC
PYMNTS: Monday October 28, 2024
If commercial banks dont provide retail payments innovation, central banks should be prepared to offer a retail central bank digital currency (CBDC),
CBDC Central Bank Digital Currency
Finextra: Monday October 28, 2024
The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the "only game in town" as commercial banks lack the incentive to push for innovation.
CBDC Central Bank Digital Currency
Bitcoin News: Monday October 28, 2024
The Bank of England cautions it could deploy a digital currency if commercial banks falter, signaling a potential upheaval in the future of money.
CBDC
CryptoSlate: Sunday October 27, 2024
Bank of England Governor Andrew Bailey believes there is a good case for wholesale CBDCs but is more cautious of retail CBDCs.
Britcoin CBDC Central Bank Digital Currency
OMFIF (the Official Monetary and Financial Institutions Forum): Wednesday October 02, 2024
The Bank of England is currently in the design phase for a potential UK retail central bank digital currency: the digital pound.
Digital Pound