British lawmakers say they’re still not sure their country needs a digital currency. “It must be clearly evidenced that a retail digital pound will provide benefits to the U.K. economy without increasing risks or leading to unmanageable costs before any decision is taken to introduce...
As you read this, the very nature of money is being interrogated and experimentally reshaped. “There’s a huge global trend going on right now into exploring the intricacies, complexities, difficulties and benefits of leveraging the properties of DLT [decentralized ledger technology] for the financial system,”...
England’s central bank has reportedly begun hiring workers to develop its digital currency. The Bank of England (BOE) wants to create a team of up to 30 people to oversee its central bank digital currency (CBDC) project, according to a Saturday (April 8) report by...
Programmability has been pegged as one of the major draws of digital currencies and one of innovative services that central bank digital currency (CBDCs) could help facilitate. But there is a distinction to be made between programmable payments — setting predefined terms for a payment...
July 18, 2023
As you read this, the very nature of money is being interrogated and experimentally reshaped. “There’s a huge global trend going on right now into exploring the intricacies, complexities, difficulties and benefits of leveraging the properties of DLT [decentralized ledger technology] for the financial system,” Daniel Field, global head of blockchain at UST, tells PYMNTS. That’s […]
April 06, 2023
Programmability has been pegged as one of the major draws of digital currencies and one of innovative services that central bank digital currency (CBDCs) could help facilitate. But there is...
September 17, 2024
New research shows that 134 countries are exploring central bank digital currencies (CBDCs). Those countries account for 98% of the world’s economy, according to findings released Tuesday (Sept. 17) by think tank Atlantic Council. The latest figures show that all G20 countries are looking into CBDCs, with 44 countries piloting the digital currencies, up from 36 last […]
December 03, 2023
British lawmakers say they’re still not sure their country needs a digital currency. “It must be clearly evidenced that a retail digital pound will provide benefits to the U.K. economy...
April 09, 2023
England’s central bank has reportedly begun hiring workers to develop its digital currency. The Bank of England (BOE) wants to create a team of up to 30 people to oversee...
December 09, 2022
The U.K. government will bring forward a CBDC consultation “in the coming weeks.” The revelation was made by the Chancellor of the Exchequer Jeremy Hunt in a written statement to...
