Digital Pound Foundation launches to promote CBDC development in the UK
The think tank wants to ensure the United Kingdom keeps pace with the developments in the emerging digital landscape. The Digital Pound Foundation (DPF), a group of technology, innovation, and regulatory experts, has announced its launch as an independent non-profit organization in the U.K.According to a release issued on Thursday, the DPF will work to promote the implementation of a central bank digital currency (CBDC) in the country.Indeed, as previously reported by Cointelegraph, the U.K. government in April established a CBDC task force to explore preliminary matters related to the....
Related News
Payment solution company Ripple will join the Digital Pound Foundation to develop a Central Bank Digital Currency (CBDC) for the United Kingdom. The company will become a foundation member and will be represented in its board by their Head of Policy Susan Friedman, according to an official post. Related Reading | David v. Goliath, How […]
The Ministry of Digital Transformation of Ukraine has picked the Stellar Development Foundation (SDF) to develop its central bank digital currency project (CBDC). Ukraine Picks Stellar Foundation to Develop Its Central Bank Digital Currency and National Virtual Asset Strategy According to the official announcement, both parties signed a “Memorandum of Understanding” to deploy Ukraine’s crypto strategy. The National Bank of Ukraine has been exploring CBDC’s for some time, there are reports on the matter since 2016. The agreement will also strengthen the....
One of the contributors to the Bank of England's preliminary CBDC research tells us why a digital pound is neccessary in the United Kingdom. The United Kingdom Chancellor of the Exchequer announced the launch of a CBDC task force this week, bringing together the Bank of England and Her Majesty’s Treasury to coordinate the exploration of a potential central bank digital currency. Depending on the feedback received from various areas of industry, academia, and civil society, the task force will advise the Bank of England on the future rollout (or not) of what would be a digital version of....
Stellar’s development arm will work with the Ukrainian government on several digital asset initiatives. The Stellar Development Foundation has signed an agreement with the Ukrainian government to facilitate the creation of a digital asset ecosystem, including a framework for a central bank digital currency, or CBDC. Ukraine's Ministry of Digital Transformation announced Monday that it has entered into a memorandum of understanding with the Stellar Development Foundation. The MOU outlines Ukraine's strategy for developing digital assets and CBDC infrastructure. This includes providing....
Could a digital pound accelerate Britain’s growth post-Brexit and retake London’s status as the European financial hub? A financial think tank has suggested that Britain should adopt a digital pound in an effort to strengthen London’s status as a global trade center in the wake of Brexit. Previously the gravitational center-point of Europe’s financial sector, London saw much of its influence lost at the end of 2020 when Britain’s exit from the European Union was finalized.The United Kingdom’s Finance Ministry will now take proposals on how to make the City of London more attractive to....