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Digital Currencies

The Digital Currencies Working Group aims to develop a programme of thought-leadership content that educates and makes recommendations to the industry on a range of topics from the different types of digital assets and regulatory frameworks to wider ecosystem design.

Why should I join a working group?

The Payments Association’s working groups are comprised of industry experts from across the payments chain, who share the mission of driving industry change to shape the future payments landscape and improve the industry on behalf of members of the association.

Being a member of one of The Payments Association’s working groups comes with a host of benefits:
  • You will get exclusive access to meetings with industry experts.
  • The opportunity to build your network with the leading figures from across the payments industry.
  • Invites to exclusive events from The Payments Association, like the Working Group AGM at the annual PAY360 conference.
  • The opportunity to actively help deliver the Working Group outputs.

In addition, committee members will receive:
  • An invitation to an annual in-person meeting and lunch.
  • The opportunity to feature your headshot and company logo on selected outputs and our website.
  • The opportunity to contribute and network in our monthly meetings.

All working group members are representatives of organisations with The Payments Association membership.

Strategy and approach

Our mission

“The UK is a global leader in payments innovation. To secure this position, the UK government has put forward a mandate to be a crypto and blockchain innovation centre. As the leading industry association supporting the payments industry, the  Digital Currencies Working Group meets regularly and develops a range of outputs, including reports, research, events and government outreach that are designed to educate, advocate and drive forward adoption.

 I am honoured to lead this working group with the support of many industry experts who drive forward the debate, adoption and ultimately societal benefits for individuals and corporations alike.”

Ian Taylor, Head of Crypto & Digital Assets at KPMG, Board Advisor at CryptoUK, Working Group Lead

Team members

Christian Rau

Senior Vice President Fintech and Crypto Enablement Europe
Emma Tran Headshot

Emma Tran

Latham Watkins

Eoin Cumiskey

Director, Payment Strategy and Product Innovation

Ian Taylor

Digital Currencies Working Group Lead; Head of Crypto and Digital Assets

James Blackwell

Project Manager
Headshot of Kaushik

Kaushik Sthankiya

Global Head, Banking & Payments

Manish Garg

Martin Dowdall headshot

Martin Dowdall

Senior Managing Associate

Morten Nielsen

CFO and Co-Founder
Natalie Lewis

Natalie Lewis

Travers Smith
Head of Fintech, Market Infrastructure and Payments

Nick Kerrigan

MD - Head of Innovation

Peter Howitt

Robert Headshot

Robert Courtneidge

The Payments Association
Tom Rhodes

Tom Rhodes

Senior Legal Counsel

Members involved


Dive into thought-provoking content from the Digital Currencies Working Group which aims to educate and pose recommendations to the industry on a range of topics from the different types of digital assets and regulatory frameworks to wider ecosystem design.

The Payments Association’s Digital Currencies Working Group team has released a report to provide valuable insights into the world of programmable digital assets. It proposes seven conclusions that will help guide the debate and policy work surrounding this emerging technology, in the payments industry and beyond.

This glossary has been produced by UK Finance, The Payments Association, Digital Pound Foundation, TheCityUK, Innovate Finance and City of London Corporation, and supported by CryptoUK, CMS, Clifford Chance, Greengage, Cummings Pepperdine and The Realization Group.

Understanding the language of this new industry and technology will be vital for policymakers and help them to recognise and evaluate the enormous potential of this sector. The consistent use of terms will enable a wide-spread common lexicon that supports a robust understanding of the operational impacts, challenges and potential solutions of new forms of digital money, assets and the underlying technology.

The Payments Association welcomes the opportunity to contribute to the FCA Discussion Paper “Regulating cryptoassets Phase 1: Stablecoins”.

The community’s response contained in this paper reflects views expressed by our members and industry experts recommended by them who have been interviewed and who are referenced below. As The Payment Association’s membership includes a wide range of companies from across the payments value chain, and diverse viewpoints across all job roles, this response cannot and does not claim to fully represent the views of all members.

Join Jyoti Rambhai, editor at The Payments Association and Manish Garg from our Digital Currencies Working Group, investor and director at VE3 as they both dive into the world of tokenised deposits. Discover the significance of tokenised deposits, its potential impact on the UK economy, and the role of CBDCs in shaping the future of digital banking.

Get in touch

Interested in joining our Digital Currencies Working Group?

Please fill out the form to indicate your interest in receiving more information about The Payments Association’s Digital Currencies Working Group. A member of our Project Team will be in touch with you shortly.


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