digital pound Archives

UK’s digital pound faces trust concerns and political opposition

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19 February, 2024

UK’s digital pound faces trust concerns and political opposition

As the U.K. edges closer to a general election, the digital pound is becoming a contentious political issue amid mounting...

BOE and UK Treasury praise potential of CBDCs, remain undecided on ‘digital pound’

Business

James Field

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30 January, 2024

BOE and UK Treasury praise potential of CBDCs, remain undecided on ‘digital pound’

The Bank of England and the U.K. Treasury remain undecided about the necessity of a CBDC in the U.K. but...

UK House of Commons Committee urges more research on CBDC, voices concerns about costs

Business

James Field

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6 December, 2023

UK House of Commons Committee urges more research on CBDC, voices concerns about costs

British officials believe CBDC would be a great boost in the United Kingdom, but its Treasury Committee calls for a...

UK legislators to central bank: Proceed with caution on CBDC

Business

Steve Kaaru

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5 December, 2023

UK legislators to central bank: Proceed with caution on CBDC

While they pledged support for a digital pound for promoting choice and sustaining access to central bank money, the MPs...

Bank of England seeks academic input for CBDC as it enters design phase

Business

Steve Kaaru

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18 August, 2023

Bank of England seeks academic input for CBDC as it enters design phase

BoE and HM Treasury have launched an academic advisory group to bring together experts to provide input on economics, policies,...

UK update: CBDCs, tokenized bank deposits, and self-sovereign identity systems in play

Business

Gavin Lucas

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14 July, 2023

UK update: CBDCs, tokenized bank deposits, and self-sovereign identity systems in play

In the past week, the U.K. has been moving quickly with innovations related to digital currencies, blockchains, and financial innovation...

Britcoin to be trialed on multiple ledgers, including blockchain: Bank of England

Business

Steve Kaaru

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1 July, 2023

Britcoin to be trialed on multiple ledgers, including blockchain: Bank of England

Tom Mutton, who heads the digital pound initiative at the BoE, says it will have a £10,000-£20,000 limit, will trial...

UK’s central bank extends CBDC consultation deadline

Business

Wahid Pessarlay

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12 June, 2023

UK’s central bank extends CBDC consultation deadline

Bank of England calls for comments on whether or not non-U.K. residents “should have access to the digital pound, on...

UK central bank to set up 30-member Britcoin team: report

Business

Steve Kaaru

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13 April, 2023

UK central bank to set up 30-member Britcoin team: report

Bank of England is ramping up its central bank digital currency efforts and hiring developers, security architects, and more despite...

Digital pound presents new payment frontier, but UK doesn’t have CBDC expertise yet: BoE

Business

Steve Kaaru

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4 March, 2023

Digital pound presents new payment frontier, but UK doesn’t have CBDC expertise yet: BoE

Bank of England Deputy Gov. Jon Cunliffe told lawmakers a digital pound would make it easier for U.K. residents to...

Digital pound likely this decade, but don’t call it ‘Britcoin’

Business

Steve Kaaru

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11 February, 2023

Digital pound likely this decade, but don’t call it ‘Britcoin’

The U.K. Treasury and the central bank say that the digital pound would give the country a new digital payments...

UK Lords: Broader regulation is needed to govern Bitcoin and digital currencies

Business

Gavin Lucas

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21 January, 2023

UK Lords: Broader regulation is needed to govern Bitcoin and digital currencies

After its second reading of the Financial Services and Markets Bill, members of the British House of Lords have voiced...

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