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Bank of England and BIS pilot building APIs for retail CBDC
Project Rosalind is an experiment exploring application programming interfaces (APIs) for retail central bank digital currency (CBDC). The project is based on a two-tier model representing a public private partnership.... read more
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Bank of England warns of systemic risk from crypto in the Metaverse
Cryptoassets could have important roles within the Metaverse – a decentralised, immersive next generation of the internet. Cryptoassets enable verifiable ownership of digital items, and when built to common standards,... read more
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Group of influential Central banks explore what retail CBDC might look like
A group of seven central banks (Bank of Canada, Bank of England, Bank of Japan, European Central Bank, Federal Reserve, Sveriges Riksbank and Swiss National Bank), together with the Bank... read more
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Bank of England set to allow access to FinTechs
The Bank of England has gone on record saying it will allow FinTech companies to store funds overnight in interest-bearing accounts at the central bank, allowing them to bank at... more
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Main UK payment systems effectively privatised to one person
As of May 1st, there has been a new operator of the UK’s two most important retail payment schemes. New Payments Systems Operator Limited – or NPSO for short – has acquired Bacs Payments Systems Limited and Faster Payments Limited, whose schemes move more than £6.4 trillion every year, through the Bacs Direct Credit, Direct [...]
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