Three considerations for design of the digital pound
The Bank of England is currently in the design phase for a potential UK retail central bank digital currency: the digital pound.
Digital PoundA Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russias financial landscape amid sanctions. While the digital currency could offer new avenues for trade and reduce reliance on […]
CBDC Central Bank Digital CurrencyThe Bank of England is currently in the design phase for a potential UK retail central bank digital currency: the digital pound.
Digital PoundUK 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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