The Guardian - Money: Monday February 12, 2024
Editorial: A Britcoin would trade convenience for societal dangers that hard cash keeps in check
A Britcoin would trade convenience for societal dangers that hard cash keeps in checkTwo years ago, the House of Lords looked into whether the Bank of England should issue digital pounds to be held in electronic wallets. Peers were unconvinced, asking if this wasnt a solution in search of a problem. Last December, MPs on the Treasury select committee said the same thing. The governments response, however, was to tell the public to prepare for a Britcoin to be in use by the end of the decade.Physical money has been around for thousands of years for good reason. Cash is convenient, reliable and anonymous. It seems unlikely that these advantages could be replicated online. State-backed e-cash might look inevitable to officials who say money is already digital, pointing to cryptocurrencies and smartphone payments. But central bank digital currencies (CBDCs) are different. A Britcoin would shift the management burden from commercial banks to Threadneedle Street. Continue reading...
Britcoin CBDC Central Bank Digital Currencies Digital Pound
Central Banking - CBDC: Monday December 16, 2024
Report, conducted with MIT, says cryptographic techniques would not guarantee privacy
Digital Pound
CoinGeek: Friday December 13, 2024
With the growing interest in CBDCs, the Bank of England released a paper in collaboration with the MIT Digital Currency Initiative that explores solutions to build trust in a potential digital pound.
CBDC Digital Pound
Finextra: Tuesday December 10, 2024
An extensive new survey from The Payments Association, a trade group representing the payments industry, has shown that consumer preference for using cash is already low and likely to decline further.
Digital Pound
The Fintech Times: Saturday December 07, 2024
Recognising the importance of debate on new forms of digital money, DPF will become an initiative within Innovate Finance.
Digital Pound
Finextra: Thursday December 05, 2024
Innovate Finance, the industry body for and voice of #UK #FinTech, and the Digital Pound Foundation (DPF) have agreed to join forces, recognising the increasing impact of public debates on new forms of digital money.
Digital Pound
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