
Innovate Finance Acquires Digital Pound Foundation With Plans to Shape the Future of Digital Money
The Digital Pound Foundation has become part of the umbrella of Innovate Finance, the industry body for UK fintech.
Digital PoundUK Finance, the collective voice for the UK banking and finance industry, has clashed with the bank of England on the proposed 10,000 to 20,000 ceiling on individual holdings in a future central bank digital currency, arguing that such a limit could result in a run on bank deposits.
Britcoin Central Bank Digital CurrencyThe Digital Pound Foundation has become part of the umbrella of Innovate Finance, the industry body for UK fintech.
Digital PoundRecord hopes the BOE will abandon the project, which has already cost $30.5 million, and focus on its core responsibilities.
Digital PoundInnovate Finance, the industry body for UK FinTech, and the Digital Pound Foundation (DPF) have officially joined forces today.
Digital PoundBank of England governor warns that digital currencies must not jeopardize commercial banks or liquidity principles.
CBDC Central Bank Digital Currencies Digital PoundIn its CBDC progress update, the Bank of England announced the creation of a Digital Pound Lab, which works similar to a sandbox, allowing partners to test API functionality and use cases.
CBDC Digital PoundPositive fundamental development in the UK and the US seems to have boosted the prices of the three top cryptocurrencies: Bitcoin, Ether, and XRP.
CBDC