News

The Bank of England’s plans for a CBDC launch raise concern among U.K. Tax Reform Council and the broader Bitcoin community.

The issuance of a CBDC aims to address inefficiencies in cross-border payments and drive innovation for domestic payments.

The Bank of England thinks crypto stablecoins and a central-bank-issued "digital pound" might coexist.

The new state-supported institution aims to speed up the country’s industry through blockchain technology.

Speech by Mr François Villeroy de Galhau, Governor of the Bank of France, at the high-level BIS conference "Big techs in finance – implications for public policy", Basel, 9 February 2023.

The central bank wants an e-GBP to be retail-focused and could form part of a “mixed payments economy” alongside cryptocurrency stablecoins.

The bank for central banks is expanding its CBDC research while developing a platform to monitor stablecoin balance sheets.

Tech firms may be able to quickly gain payments dominance, which a CBDC could break

The central bank of India wants to proceed with CBDC testing in the smoothest way possible, deputy governor Rabi Sankar said.

Gazprombank, a subsidiary of a state-owned energy corporation, which participates in Russia’s CBDC initiative, fears losing a part of its income as the digital ruble replaces traditional fiat currency.

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.

The Lao central bank and the Soramitsu firm signed an MOU to launch the project to expand financial inclusivity and provide sellers with faster settlement.

UK likely to issue central bank digital currency as anchor for monetary sovereignty

The Bank of England predicts a UK CBDC by 2030.