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The Digital Pound Foundation has been launched by a core group of founding members as an independent forum to support the implementation of a well-designed digital Pound and digital money... read more

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The Bank of England has published a Discussion Paper which aims to broaden the debate around new forms of digital money and seek views on the Bank’s emerging thoughts on... read more

The post Bank of England: Digital Money and Central Bank Digital Currency appeared first on Payments Cards & Mobile.

Christine Lagarde, the head of the European Central Bank, appears serious about a digital euro. Barely a month after the central bank issued a major report on the topic, and opened a public... more

The post Europe pushing to be first with digital euro – but risks are real appeared first on Payments Cards & Mobile.

The Bank for International Settlements has warned Central bankers that they risk endangering the stability of the global financial system if they launch their own digital currencies in an effort to destroy competition from rivals from outside the official sphere. “A central bank digital currency could allow for ‘digital runs’ towards the central bank with [...]

The post Digital currencies pose stability risk to Central Banks – BIS report appeared first on Payments Cards & Mobile.

According to Reuters: “Japan’s financial regulator said on Friday it had ordered all cyrptocurrency exchanges to submit a report on their system risk management, following the hacking of over half a billion dollars of digital money from Coincheck.” Whilst the whole premise of blockchain technology and cryptocurrencies revolves around it being essentially unhackable, the exchanges [...]

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