
UK associations form crypto industry alliance; government preps consultation on digital pound
Five UK industry bodies have formed an alliance to help guide the nation's digital currency future.
Digital PoundFive UK industry bodies have formed an alliance to help guide the nation's digital currency future.
Digital PoundThe economic secretary to the Treasury says the UK is committed to becoming a world crypto hub.
Digital PoundThe Bank of England received 20 applications for its digital pound wallet CBDC project and will select five for the next stage
CBDC Central Bank Digital Currency Digital PoundThe Bank of England (BOE), the United Kingdoms central bank, outlined its requirements for a proof-of-concept digital wallet compatible with a Central Bank Digital Currency (CBDC) as it seeks to introduce a retail-facing digital pound by 2030.
CBDCThe U.K. will consult on launching a digital pound in the coming weeks as part of its effort to regulate the crypto industry.
Digital PoundWhile exploring the digital pound, BoE deputy governor John Cunliffe said the recent FTX collapse highlighted the need for financial institutions to be organized and the essence of regulations.
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