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.
CBDCNigel Green has reportedly commented on the UK's new CBDC initiative, remarking how it might backfire and help propel Bitcoin adoption.
Britcoin CBDCUK 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.
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