UK Banks Complete Experimental Phase of Digital Money Project
UK Finance and its member banks have successfully completed the experimental phase of a tokenisation and CBDC platform.
CBDCUK authorities confirmed that they are already studying the feasibility of launching a national cryptocurrency which they already name as 'Britcoin' on social networks.
UK Finance and its member banks have successfully completed the experimental phase of a tokenisation and CBDC platform.
CBDCBarclays, 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.
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In a new discussion paper, the U.K. central bank also said it wants to ensure stablecoins are interchangeable with the pound.
CBDC