The researchers at Project Meridian identified several benefits of synchronization including reduction of risk, time, and cost invoked in settling a range of transactions. In a joint financial program dubbed Project Meridian,…
Tag: England
Bank of England Deputy Governor tells treasury committee CBDC could have “could have huge benefits for the economy and society”
Ad “We have made a lot of progress on financial inclusion in the last number of years […] and a CBDC could have huge benefits for the economy and society,” said Sir…
Britcoin CBDC touted as replacement to cash by Bank of England
The UK plans to impose a cap of between £10,000 to £20,000 ($12,017 to $24,033) for initial digital wallet holdings as it pushes forward with plans to introduce a Central Bank Digital…
Bank of England (BoE) Unveils Design Phase of Digital Pound as Retail CBDC
The consultation paper for Digital Pound notes that the e-GBP will be launched in public-private partnership to boost retail adoption. On Tuesday, February 7, the Bank of England and the UK Treasury…
Bank of England and Treasury to Launch Digital Pound but It Won’t Replace Cash
Despite the widespread consultations on the subject, the project is not yet ready. Following a three-year collaboration, the Bank of England (BoE) and the United Kingdom’s Treasury are ramping up plans for…
Bank of England and UK Treasury Supports ‘Digital Pound’ Project, Says UK is Likely To Need CBDC
The Bank of England (BoE) and UK Treasury are set to back the development of the British central bank digital currency (CBDC), popularly known as “Britcoin” or “digital pound.” The discourse of…
Bank of England to Backtrack on Digital Pound as Digital Euro Receives Major Boost
Several nations trying to adopt CBDCs have maintained that digital currencies should only complement cash rather than outrightly replace them. Andrew Bailey, the Bank of England (BoE) governor, has shared his thoughts…
The Law Commission of England and Wales Proposes to Classify NFTs as Data Objects
NFT creators and consumers should evaluate the legal and commercial considerations of NFTs that are linked to copyright work. The Law Commission of England and Wales (the Commission) is a statutory independent…
The Law Commission of England and Wales Proposes to Classify NFTs as Data Objects | Latham & Watkins LLP
NFT creators and consumers should evaluate the legal and commercial considerations of NFTs that are linked to copyright work. The Law Commission of England and Wales (the Commission) is a statutory independent…
England Law Commission recommends reforming property laws for digital assets
The Law Commission of England and Wales has proposed reforming existing laws, especially private property law, to protect cryptocurrency users and maximize the potential of the technology. The proposals are laid out…
