Britcoin – DIGIT INFO

Bank of England Pushes for Swift Digital Payment Solutions as Cash Usage Drops

DIGIT — Wed, 31 Jul 2024 05:46:15 +0000

The Bank of England (BOE) is urging UK banks to expedite their digital payment solutions as cash use declines. The BOE’s recent paper highlights the need for innovations that allow direct payments from bank accounts, bypassing credit and debit cards, to save time and costs for consumers and retailers. The British central bank is developing […]

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BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’

DIGIT — Mon, 10 Jul 2023 21:30:00 +0000

A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money.

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‘Britcoin’ launch inches closer after Project Rosalind CBDC tests

DIGIT — Mon, 19 Jun 2023 06:15:24 +0000

A major study between the BIS and the U.K. central bank found a retail CBDC could make peer-to-peer payments cheaper and easier.

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UK may have crypto regulation within a year, says senior minister

DIGIT — Wed, 19 Apr 2023 02:23:21 +0000

The lawmaker said the regulation will need to be both “pragmatic” and “proportionate” to ensure economic growth is maximized.

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Digital pound could co-exist with private stablecoins — UK central bank

DIGIT — Wed, 08 Feb 2023 05:39:56 +0000

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

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