Finextra: Thursday July 06, 2023
UK 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 Currency
CryptoSlate: Thursday July 06, 2023
Nuggets, a self-sovereign ID and payments platform, said on July 4 that it is working with the Bank of England on goals related to a "digital pound."
CBDC Central Bank Digital Currency Digital Pound
CoinDesk: Wednesday July 05, 2023
The BofE said in February that a digital pound was likely needed, but that it will not make a decision on issuing one until at least 2025.
Digital Pound
Ledger Insights: Wednesday July 05, 2023
UK Finance believes the holding limits proposed for the digital pound CBDC are far too high. Also wants deposit tokens considered
CBDC Central Bank Digital Currency Digital Pound
CBDC Insider: Wednesday July 05, 2023
LONDON, July 4 (Reuters) Britain should be cautious about whether to issue a digital version of the pound given privacy and other issues involved, financial services minister Andrew Griffith said on Tuesday...
Central Bank Digital Currency
Bitcoin News: Tuesday July 04, 2023
U.K. Finance stated individual holdings of the digital pound should be capped at 5,000 ($6350) to avoid panic and deposit flight.
CBDC Central Bank Digital Currency Digital Pound