UK’s digital pound would modernize payments but won't replace cash: Minister

Finance minister Jeremy Hunt says the digital pound, or “Britcoin,” would be issued and backed by the Bank of England, but it won’t negate the use of cash.

View Details

UK exploring a digital pound

A digital pound could be launched in the United Kingdom as part of the country’s effort to introduce better regulation to the crypto industry.

The post UK exploring a digital pound appeared first on CryptoSlate.

View Details

UK Consortium Announces Project New Era, Ready To Test Out Digital Sterling

The United Kingdom wants all the crypto innovation, minus the crimes.

Continue reading UK Consortium Announces Project New Era, Ready To Test Out Digital Sterling at DailyCoin.com.

View Details

UK Economic Affairs Committee unconvinced by prospect of retail CBDC

A new report highlights private-sector innovation and greater financial inclusion with CBDCs, but raises concerns around the descending hegemony of the U.S. Dollar.

View Details

Economic Affairs Committee Unsure UK Needs Retail CBDC

The United Kingdom’s Economic Affairs Committee has shared its views on the proposed plans by the country to launch a Central Bank Digital Currency (CBDC) or digital Pound. (Read More)

View Details

Crypto Flipside News – BTC Soars After ETF Approval Hint, Coinbase Wants New Regulator, Ripple into Digital Pound, Putin Values Crypto, FOX goes NFT

Read Friday's breaking news in the daily digest!

Continue reading Crypto Flipside News – BTC Soars After ETF Approval Hint, Coinbase Wants New Regulator, Ripple into Digital Pound, Putin Values Crypto, FOX goes NFT at DailyCoin.com.

View Details

Quant Soars 20% After Partnership With Bank Of England, BIS For CBDC Project

The native currency of Quant, a  blockchain platform that helps financial institutions incorporate digital currencies into their businesses, on June 15 soared 20% following its partnership announcement with the Bank of England for Project Rosalind. Quant Collaborates With BIS And The Bank Of England Project Rosalind is a central bank digital currency (CBDC) initiative, led [...]

The post Quant Soars 20% After Partnership With Bank Of England, BIS For CBDC Project appeared first on Crypto Breaking News.

View Details

Bank of England Collaborates with Wallet Manufacturer to Enhance CBDC Transaction Privacy

The Bank of England (BoE) is teaming up with payments platform Nuggets to develop a privacy and identity layer for the proposed digital pound.  According [...]

View Details

UK Finance: Digital Pound Holdings Should Be Limited to £5,000 to Avoid Panic

U.K. Finance, one of the largest finance membership organizations in the U.K., has issued its recommendations to the Bank of England regarding the issuance of a digital pound. The organization stated that individual holdings of the proposed central bank digital currency (CBDC) should be capped at £5,000 ($6350) to avoid panic and deposit flight. U.K.

The post UK Finance: Digital Pound Holdings Should Be Limited to £5,000 to Avoid Panic appeared first on BTC Ethereum Crypto Currency Blog.

View Details