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Tag: digital pound

UK Includes Crypto Assets in Financial Services Reform Package

The UK government today announced a package of more than 30 reforms to financial regulation, including the extension of tax breaks for investment managers...

UK May Need Digital Pound, Bank of England’s Jon Cunliffe Says

"Over the past few days, I have had a few comments both to the effect that the collapse of FTX shows that we need...

Ripple Partners With Digital Euro Association to Work on CBDCs

On Friday (February 11), the Digital Euro Association (DEA) announced that it was “delighted” about a new partnership with FinTech firm Ripple. The Digital Euro Association (DEA) is “a think tank specializing in central bank digital currencies (CBDCs), stablecoins, crypto assets, and other forms of digital money.” Its mission is “to contribute to the public […]

India confirms digital rupee CBDC to debut by 2023

The finance minister announced a raft of digital economy support measures in her Union Budget 2022-23 speech.

Total XRP Sale by Ripple Increases Sharply in Q4 2021

Ripple recently published its Q4 2021 XRP Markets report and highlighted a significant jump in total XRP sales by the company. For the fourth quarter of 2021, the blockchain firm reported overall s...

House of Lords committee says UK digital pound is “solution in search of a problem”

The Economic Affairs Committee cited financial, privacy and data concerns over UK CBDC.

British Lawmakers Say a CBDC Is Likely to Hurt Financial Stability — Digital Pound Benefits Overstated

According to British lawmakers, a central bank digital currency (CBDC) is likely to raise the cost of borrowing while hurting financial stability. They insist the touted potential advantages of a digital pound are being overstated. Erosion of Privacy British lawmakers have said the use of a central bank digital currency when making regular payments […]

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