Bank of England is working on CBDC identity layer

CBDC Insider: Thursday July 13, 2023

Payments and identity company Nuggets recently announced that its working with the Bank of England (BoE) to develop an identity and privacy layer for its central bank digital currency (CBDC). The balance between user privacy and the central banks need to know who is transacting for AML/CTF purposes is difficult, and Nuggets believeZero-Knowledge Proofs (ZKPs)are []

Payments and identity company Nuggets recently announced that its working with the Bank of England (BoE) to develop an identity and privacy layer for its central bank digital currency (CBDC). The balance between user privacy and the central banks need to know who is transacting for AML/CTF purposes is difficult, and Nuggets believeZero-Knowledge Proofs (ZKPs)are […]
The post Bank of England is working on CBDC identity layer appeared first on Currency Insider.

CBDC Central Bank Digital Currency

Read More on CBDC Insider

SHARE THIS STORY:

More Stories

Finextra - Payments: Monday August 04, 2025

The UK needs a Stablecoin Strategy

The United States has now decisively rejected a government-issued digital dollar. Instead, it has ch...

Digital Dollar

More

Finextra: Monday July 28, 2025

BoE Digital Pound project reversal: innovative payment solutions at commercial banks

The debate surrounding central bank digital currencies (CBDCs) has reached a new but unexpected stag...

CBDC Central Bank Digital Currencies Digital Pound

More

CoinGeek: Monday July 28, 2025

Bank of England appears to backpedal on CBDC plan

According to a Bloomberg report, the Bank of England may scrap its digital pound plans, pushing banks to lead payment innovation as CBDC benefits wane.

CBDC Digital Pound

More

The Independent - Business: Saturday July 26, 2025

Voices: Governor Bailey is wrong: We should embrace the digital pound

Digital currencies are coming, but the governor is acting like a stick in the mud. His conservatism means Britain will be late to the party with the future of this new form of money shaped by others, says James Moore

Digital Pound

More

CoinTelegraph: Wednesday July 23, 2025

Bank of England mulls canning CBDC plan: Report

The UK central bank may scrap its digital pound amid skepticism and preference for bank payment innovations, Bloomberg reports.

CBDC Digital Pound

More

PYMNTS: Tuesday July 22, 2025

Bank of England Could Mothball Digital Pound Project

The Bank of Englandis considering pausing its plans to create a digital currency. Thats according to areportTuesday (July 22) from Bloomberg News,

CBDC Central Bank Digital Currencies Digital Pound

More

More News...

Get in touch

Please contact us if you have any questions, comments or suggestions

contact@remakingmoney.com