Central bank digital currencies (CBDCs) are exciting many in the digital assets world, but what can these mean for those who are less engaged and on the fringes of financial services altogether?
The Bank of England’s exploration of a digital pound and its integration with existing payment systems could modernise the UK’s financial landscape, enhancing efficiency, security, and inclusivity.
Fintechs can accelerate mainstream adoption of digital assets by integrating them with traditional payment networks, enabling seamless everyday transactions.
The first stablecoin was launched in July 2014, 10 years ago. A decade later, it has reached a market cap of $165 billion, with trillions in stablecoin payments settled each
Exploring the need for a digital euro to maintain Europe’s financial autonomy and enhance transaction efficiency in an increasingly digital global economy.
Riccardo Tordera Ricchi, head of policy and government relations, The Payments Association, explores the transformative potential of programmable money and smart contracts.
Discover how programmable money could revolutionise finance with automation and efficiency, while exploring the ethical dilemmas it poses around privacy and potential misuse
Digital wallets are rapidly evolving, increasingly centralising essential personal functionalities like payments, identity verification, and data control, highlighting both immense potential and significant risks.
IOSCO’s new policy recommendations aim to create a unified global framework for regulating digital assets and cryptocurrencies, enhancing market integrity and investor protection.
With the UK’s financial watchdogs set to establish a regulatory regime for stablecoins, payment service providers must brace for stringent new standards in operations, redemptions, audits, and consumer protection.
Swift’s recent collaborative experiments with 38 global institutions demonstrated new use cases for its CBDC interlinking solution across digital trade, securities and foreign exchange.
Conversations around a digital pound are growing louder as the weeks roll by. With use cases popping up around the globe, is it time Britain followed suit? In a similar fashion to the way coins largely made way for banknotes, digital currency is the next natural progression in the evolution of money, whether consumers like the idea of it or not.
As the digital landscape continues to evolve at an unprecedented pace, the payments industry finds itself standing at the intersection of innovation and transformation.
Last week, as I was scrolling through the Internet, I happened to stumble across a piece where the founder of Ethereum, Vitalik Buterin, has been reiterating the importance of L2s
The future depends on what you do today. In the realm of finance, this sentiment rings especially true as we stand on the cusp of a digital revolution with the advent
On 30 October 2023, HM Treasury (HMT) issued its long-awaited policy document on the regulation of fiat-backed stablecoins in the UK. Framed as “Phase 1” of the UK’s approach to cryptoasset regulation, HMT’s paper was quickly followed by discussion papers from the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and Bank of England (BOE) on the future regulatory approach to such stablecoins.
Although there are a number of steps to go before the stablecoin regime comes into effect (with implementation anticipated in 2025), the 2023 papers give helpful insights into the direction of the new regime.
Going back in time, during the Ethereum period, when we first embraced the smart-contract blockchains, all the operations that go into mining and validating a transaction, like data availability, consensus, execution
Blockchains have created a narrative that they are an underlying technology that powers cryptocurrencies that challenge the traditional financial system. However, in reality, blockchain is way more than that, with a
Key Takeaways Phase 1 — Regulation of fiat-backed stablecoins The issuance and custody of fiat-backed stablecoins in or from the UK will be subject to regulatory authorisation requirements under
On 8 October 2023, detailed new rules on the financial promotion of cryptoassets came into force in the UK, representing the very first set of conduct rules to apply to the crypto industry.
ARYZE, the leading Web3 financial technology company, announced the launch of reForge, a function built-in to the Digital Cash suite of stablecoins. reForge supports seamless multi-currency conversions, making it easier
Sumsub, a full-cycle verification platform, today releases its “State of Verification and Monitoring in the Crypto Industry 2023” report. The findings focus on the regulations and verification practices for crypto
Headline: Too legit to quit: Crypto is going mainstream, whether we like it or not By Dima Kats, Founder and CEO, Clear Junction For thousands of years, any financial transaction
Jonathan Tyce speaks to Nexi’s Tommaso Jacopo Ulissi on how the paytech firm is driving innovation in the sector and what this could mean for the use of digital currencies.
Enterprise blockchain projects are failing, and the reason lies in their approach. Businesses often start their blockchain projects from scratch, leading to inadequate planning, compromised data security and the inability
Cryptocurrencies have exploded in recent years, and criminals have noticed. $3.5 billion was laundered through cryptoassets in 2020, bringing a heightened regulatory focus and new risks for Virtual Assets Service Providers
Representatives from the FCA shared the next steps in regulating crypto assets, secondary legislation and what help it is seeking from industry in a closed-door event with The Payments Association’s members.
Key industry stakeholders discuss the challenges, opportunities, and future of digital assets in the UK, at an event hosted by Ripple and The Payments Association.
Cryptocurrencies are still one of the hottest topics in the payments industry, making headlines and causing daily debates. Over the past few years, Bitcoin and Ethereum have become household names
With the rapid pace of innovation in the cryptoasset ecosystem, Ricardo Tordera discusses why regulation is now more paramount than ever and not just in the UK.
ARYZE’s Jack Nikogosian discusses how private sector stablecoin initiatives could be the key to stability and innovation in the current financial system.
With the Bank of England opening its consultation on digital currencies, the key question for the payments sector is could a digital pound interact with the existing infrastructure.
How businesses can accept bitcoin without accepting bitcoin.
The Payments Association’s Riccardo Tordera and Robert Courtneidge examine what the latest government consultations could mean for the UK payments sector.
With the UK government launching a second phase consultation on the future of cryptoassets, Max Savoie and Martin Dowdall of Sidley Austin examine what this means for firms.
With myths on digital currencies being a threat to financial freedom dominating social media, Dominika Duziak, of OneStep Financial, explains why government must address this narrative and discuss its advantages.
NEW YORK and LONDON – February 15, 2023 – Talos, the premier provider of institutional digital asset trading technology, today announced an integration with London-based BCB Group, a leading provider of business accounts
Phil Mochan from Nomos Digital examines how cross-border payments is closely intertwined with cross-border liquidity and the challenges this poses for implementing CBDCs.
On 1 February 2023, the UK’s economic and finance ministry, HM Treasury (HMT), published its consultation and call for evidence on the future financial services regulatory regime for cryptoassets (the Consultation). This
London, 7th February 2023 – BCB Group, a leading provider of business accounts and trading services for the digital asset economy, has appointed two new executives to its leadership team. Jean-Jacques Le
From chips embedded into consumers hands to make contactless payments to biometric wearable devices, and digital currencies versus a cashless society, The Payments Association speaks to industry experts to find out the key themes likely to dominate the industry over the next decade.
Each day more than a million dollars is spent on goods and services using Bitcoin in the U.S., and up to 40% of these transactions are from new customers. Even
Five associations form industry alliance to guide the UK’s digital currency future Five associations form industry alliance to guide the UK’s digital currency future – the UK Forum for Digital Currencies
Project Inclusion, led by Josh Berle of Mastercard, showcased the best fintechs offering sustainable and inclusive payments products in 2022 to energise the industry towards better practices. The team engaged
Issued by ARYZE (BVI) Ltd, ARYZE Digital Cash will provide individuals and businesses with a means of exchange as instantly available…
Year in, and year out, people continue to wonder how long the crypto hype is going to continue. The volatility of the market and the crashes it has faced keep
Global fintech Unlimint has, today, announced the launch of GateFi, marking their expansion into the crypto space. The solution allows users across the globe to seamlessly exchange fiat money to crypto and crypto
London, 11th October 2022 – BCB Group – a leading provider of business accounts and trading services for the digital asset economy, announces the launch of its latest new investment
