CBDC

Bank of England eyes CBDC for banks

Threadneedle Street was previously focused on a central bank digital currency for smaller transactions

2 min read

The European Central Bank is trialling a digital euro

Clearstream to trial ECB’s digital euro

There are 36 central bank digital currencies in the pilot phase worldwide

2 min read

Tom Mutton: 'Now we need to look at the realities — the practicalities of actually building and delivering a digital pound'

Tom Mutton: ‘There is just no space to get a CBDC wrong’

The Bank of England’s CBDC and fintech director is leading the work to develop a potential digital pound. Can he deliver?

8 min read

'We are focused on the skills we need to add, but we are going to need a chunk of people'

Bank of England to beef up Britcoin headcount as digital pound moves closer

The Bank may hire as many as 30 more people and is considering other products aimed not just at consumers but institutions like banks

3 min read

The City should look at central bank digital money like any other payment method

CBDCs are coming. Markets should adjust now

Market infrastructure providers should consider how they might support the inevitable launch of CBDCs

European Union Commissioner Mairead McGuinness said the development of a digital euro would involve cooperation with the private sector

Mairead McGuinness: EU digital currency may become ‘alternative’ to euro

A digital euro would not become a replacement, nor would it usurp physical bank notes

‘Cryptocurrencies do not perform money’s fundamental functions,’ the BIS said

Crypto’s ‘structural flaws’ make it an unsuitable monetary system, says BIS report

‘These flaws would persist even if regulation and oversight were to address the financial instability problems and risk of loss implicit in crypto’

Tom Mutton said any CBDC would not fluctuate in value because it is issued by the central bank

Bank of England fintech chief to ‘crypto bros’: Don’t confuse actual money with returns

Tom Mutton: ‘Some say: ‘What about inflation?’ We turn to them and say: ‘Bitcoin is not exactly doing that well on capital preservation’

The Bank of England is exploring a digital pound, but its fintech director has warned it can’t completely supersede traditional payments

CBDCs shouldn’t be the only form of money, central bankers say

CBDCs should complement, not replace, existing forms of money, according to leading officials

3 min read

The price and speed of cross-border payments has been a longstanding issue. And crypto is gaining ground.

BoE’s Cunliffe warns of ‘VHS vs Betamax’ battle in payments as crypto threatens industry

The deputy governor says 'different technologies offer different advantages' in the race to seamless cross-border payments

3 min read

While central bank digital currencies have a future, the ECB boss warned that cryptos must not be a sanctions loophole

Lagarde: Russian individuals are using crypto to bypass sanctions

The president of the European Central Bank says cryptos remain a threat while touting the digital euro

3 min read

Silvergate Capital plans to buy some blockchain assets from Facebook’s Diem Group

Silvergate said the acquisition of the Diem assets will help it launch a stablecoin in 2022

1 min read