Bank of England Still Exploring CBDC

Bank of England gov warns digital pound must not undermine commercial banks

Bank of England Governor Andrew Bailey expressed skepticism about the role of central bank digital currencies (CBDCs) in financial stability, emphasizing that central banks must maintain control over monetary transmission through the banking system. Speaking at the University of Chicago Booth School of Business in London on Feb. 11, Bailey reinforced that while financial markets…

Why central banks should take the next step on CBDCs

The world’s central banks are exploring the benefits and costs of issuing retail CBDCs. Although few have gone ahead and issued, progress has nevertheless been made.

Bank of England Still Exploring CBDC

According to Andrew Bailey, the Bank of England is still exploring a CBDC

R3 and IDEMIA Collaborate to Support Secure Offline CBDC Transactions - Digital Pound Foundation

R3, a provider of digital solutions for financial markets, has announced a partnership with IDEMIA Secure Transactions (IST), a division of IDEMIA Group, a global provider of security and connectivity solutions. This collaboration aims to support the Central Bank Digital Currency (CBDC) landscape by integrating IST’s offline payment solution into R3’s Digital Currency platform, enabling secure CBDC transactions in both online and offline environ…