Finextra: Friday July 07, 2023
BofE taps Nuggets for digital pound privacy layer
The Bank of England has enlisted payments platform Nuggets to work on a privacy and identity layer for any future digital pound.
Digital Pound
News > Digital Pound
Finextra: Friday July 07, 2023
CryptoSlate: Thursday July 06, 2023
Bank of England taps self-sovereign ID platform Nuggets to develop privacy layer for digital pound
Nuggets, a self-sovereign ID and payments platform, said on July 4 that it is working with the Bank of England on goals related to a "digital pound."
CBDC Central Bank Digital Currency Digital Pound
CoinDesk: Wednesday July 05, 2023
Payments Platform Nuggets Working With Bank of England on Privacy Layer for Digital Pound
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.
Digital Pound
Ledger Insights: Wednesday July 05, 2023
UK Finance: digital pounds proposed holding limits are too high
UK Finance believes the holding limits proposed for the digital pound CBDC are far too high. Also wants deposit tokens considered
CBDC Central Bank Digital Currency Digital Pound
Bitcoin News: Tuesday July 04, 2023
UK Finance: Digital Pound Holdings Should Be Limited to 5,000 to Avoid Panic
U.K. Finance stated individual holdings of the digital pound should be capped at 5,000 ($6350) to avoid panic and deposit flight.
CBDC Central Bank Digital Currency Digital Pound
CoinGeek: Saturday July 01, 2023
Britcoin to be trialed on multiple ledgers, including blockchain: Bank of England
Tom Mutton, who heads the digital pound initiative at the BoE, says it will have a 10,000-20,000 limit, will trial blockchain, and geared toward privacy.
Britcoin Digital Pound