• Latest
  • Trending
UK-based foundation unveiled to support digital pound

UK-based foundation unveiled to support digital pound

October 14, 2021
The US Government wants the Voyager-Binance deal to be halted

The US Government wants the Voyager-Binance deal to be halted

March 15, 2023
Primary vs. secondary markets: Key differences

Primary vs. secondary markets: Key differences

March 15, 2023
Charles Hoskinson Excited at DeFi Inflows into Ecosystem

Charles Hoskinson Excited at DeFi Inflows into Ecosystem

March 15, 2023
NiftyKit Removes Paywall and Adds New Features in Latest Platform Update

NiftyKit Removes Paywall and Adds New Features in Latest Platform Update

March 15, 2023
Bitcoin Falls Back to Below $25K

Bitcoin Falls Back to Below $25K

March 15, 2023
Bitcoin price recovery at risk amid new Credit Suisse crisis

Bitcoin price recovery at risk amid new Credit Suisse crisis

March 15, 2023
Ethereum has a new URL standard that can’t be blocked

Ethereum has a new URL standard that can’t be blocked

March 15, 2023
How to Buy STEPN | Where, How and Why

How to Buy STEPN | Where, How and Why

March 15, 2023
Lama Technology Partners With Top European Web3 Agency to Bring Crypto into Mainstream Financial Services

Lama Technology Partners With Top European Web3 Agency to Bring Crypto into Mainstream Financial Services

March 15, 2023
  • Privacy Policy
Wednesday, March 15, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto Technical Analysis

UK-based foundation unveiled to support digital pound

J_News by J_News
October 14, 2021
in Crypto Technical Analysis, Top News
0
UK-based foundation unveiled to support digital pound
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter


The Foundation wants to see an inclusive and well-regulated ecosystem put in place to promote a CBDC as well as other digital money projects

The Digital Pound Foundation (DPF), a group comprising experts in the financial, crypto and regulatory sectors, has launched as an independent body aimed at promoting the creation of a digital pound.

According to an announcement published 14 October, the nonprofit organisation said it would be advocating for a central bank digital currency (CBDC) in the UK as it views this as the vehicle that can help the country “transition to an innovative, inclusive digital economy and society”.

The core business of the group will be in research and policy matters related to the development of the digital pound. However, the Foundation plans to also provide a hub from where they can pool and share resources related to the development of the UK CBDC as well as similar projects across the world.

“CBDCs and other new forms of digital money can leverage frontier technologies for development of features such as programmable money, more inclusive payments services, and more robust and resilient payments infrastructure, enabling the UK’s transition to a digital economy,” the Foundation said in a statement.

Some of the top firms in the technology and finance ecosystem supporting the initiative are Irish-based IT firm Accenture, blockchain company Ripple and smart contracts platform Avalanche. Others in the group are the Billon Group, Electroneum, the CGI Group and Quant.

The DPF will also benefit from the input of Herbert Smith Freehills and The Realization Group, both of whom have joined as partner members.

The group will together offer expertise and “hands on” practical experience in the design, development and launch of the digital pound, the statement added.

Ripple’s Head of Policy Susan Friedman said that the US-based blockchain company will support the push for the CBDC, with the project set to “advance the UK’s goal to build a more inclusive and sustainable financial system”.

The DPF’s unveiling comes at a time the UK is exploring the CBDC issue, with the Bank of England recently outlining a group of firms set to help look into the potential rollout of a digital pound. PayPal, ConsenSys, Visa and Monzo are all part of the BoE’s forum.



Source link

Related articles

The US Government wants the Voyager-Binance deal to be halted

The US Government wants the Voyager-Binance deal to be halted

March 15, 2023
Primary vs. secondary markets: Key differences

Primary vs. secondary markets: Key differences

March 15, 2023
ShareTweetShareShare
Previous Post

Why We Could See The First Approved U.S. Bitcoin ETF In October

Next Post

Decentralized Smart Contract Platform, Cypherium, Joins China’s BSN to Boost Blockchain Dev

Related Posts

The US Government wants the Voyager-Binance deal to be halted

The US Government wants the Voyager-Binance deal to be halted

by J_News
March 15, 2023
0

Key takeaways; The US Government wants to halt the $1 billion deal between Binance.US and Voyager Digital. The government said...

Primary vs. secondary markets: Key differences

Primary vs. secondary markets: Key differences

by J_News
March 15, 2023
0

Stock and crypto markets are essential components of the global financial system. These markets provide a platform for investors to...

Charles Hoskinson Excited at DeFi Inflows into Ecosystem

Charles Hoskinson Excited at DeFi Inflows into Ecosystem

by J_News
March 15, 2023
0

Cardano founder Charles Hoskinson is excited about a spate of growth in the Cardano DeFi ecosystem. The Cardano creator responded to...

NiftyKit Removes Paywall and Adds New Features in Latest Platform Update

NiftyKit Removes Paywall and Adds New Features in Latest Platform Update

by J_News
March 15, 2023
0

NiftyKit has just announced a major update to its NFT platform, adding new features and capabilities for creators and collectors....

Bitcoin Falls Back to Below $25K

Bitcoin Falls Back to Below $25K

by J_News
March 15, 2023
0

Bitcoin has retreated to below $25,000 after reaching a nine- month high on Tuesday at about $26,500. The rise for...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

The 7 Best New ICOs To Buy in 2023

Join CoinStats Affiliate Program & Earn 40% of All Premium Sales

The Economic Crisis of 2023. The Cause and the Effects | by Opal A Roszell | The Capital | Nov, 2021

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT