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Digital Currency Bank of England

Hogan Lovells

Bank of England outlines path to digital pound

Hogan Lovells on

On 14 January 2025, the Bank of England ("BoE") published a design note outlining its current thinking relating to the design of a digital pound (the "Design Note") and a progress update summarising the BoE’s work on...more

Hogan Lovells

Comparative Guide: DLT and Innovations in Wholesale Settlement in Central Bank Money (UK)

Hogan Lovells on

In our previous Comparative Guide, we explored innovations in private forms of digital money and money-like instruments available to retail customers, including fiatreferencing stablecoins, e-money and tokenised deposits. As...more

Hogan Lovells

UK embraces DLT and tokenisation: direction of travel - Redefining the frontiers of financial system efficiency

Hogan Lovells on

This articles provides some insights on the direction of travel in the UK in relation to distributed ledger technology (DLT) and digital assets, in light of recent legislative and policy developments that signal the UK’s...more

Hogan Lovells

The Payments Newsletter including Digital Assets & Blockchain, February 2024

Hogan Lovells on

Key developments of interest over the last month include: the European Parliament’s ECON Committee adopting draft reports on the European Commission’s PSR and PSD3 legislative proposals; ESMA consulting on 'reverse...more

Davis Wright Tremaine LLP

The Digital Pound: "More Likely Than Not"

On February 7, 2023, the Bank of England (BoE) released two documents concerning a central bank digital currency (CBDC), a prospective government-backed digital form of U.K. currency also known as the "digital pound." ...more

A&O Shearman

Bank of England Publishes Consultation Paper on Digital Pound

A&O Shearman on

The Bank of England has published a joint consultation paper with HM Treasury on the possibility of a digital pound in the U.K. It is envisaged that the digital pound would be a retail central bank digital currency, to be...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Edinburgh Reforms: Big Bang 2.0 or Thoughtful Change?

Following the recently introduced Solvency UK for insurers, the UK Chancellor of the Exchequer Jeremy Hunt (the UK finance minister) has announced the Edinburgh Reforms, a further series of reforms aimed at the UK financial...more

A&O Shearman

Bank of England and HM Treasury Announce Next Steps for UK Central Bank Digital Currency

A&O Shearman on

The Bank of England and HM Treasury have announced the next steps in the development of a U.K. Central Bank Digital Currency. These include the following...more

Hogan Lovells

Financial institutions general regulatory news, September 2020

Hogan Lovells on

SMCR extension: SI extending implementation date made - The Bank of England and Financial Services Act 2016 (Commencement No. 6 and Transitional Provisions) (Amendment) Regulations 2020 (SI 2020/929) have been made....more

Latham & Watkins LLP

Bank of England Selected to Host New Innovation Hub Centre

Latham & Watkins LLP on

Bank for International Settlements selects Bank of England as the UK centre to host new FinTech hub. On 30 June 2020, the Bank of England announced that it had been selected to host a centre of the Bank for International...more

WilmerHale

Regulation of Cryptoassets: Imposing Law on the “Wild West”

WilmerHale on

2018 was a year of international scrutiny for digital currencies. As regulators around the globe wake up to the potential dangers posed by the new technology (now falling under the umbrella term of “cryptoassets”), pressure...more

A&O Shearman

Three Central Banks Explore Advantages of Wholesale Central Bank Digital Currencies

A&O Shearman on

The Bank of England, the Bank of Canada and the Monetary Authority of Singapore have published a joint report entitled, "Cross-Border Interbank Payments and Settlements." Referring to current industry projects to address...more

Hogan Lovells

Bank of England confirms renewed payments systems will interface with blockchain

Hogan Lovells on

What has happened? The Bank of England (BoE) has confirmed that its revamped real-time gross settlement (RTGS) system will be compatible with interface systems that run on blockchain-based technology....more

A&O Shearman

UK Parliament Launches Inquiry into Digital Currencies and Distributed Ledger Technology

A&O Shearman on

The House of Commons Treasury Committee has launched an inquiry into digital currencies and distributed ledger technology in the U.K. The inquiry will consider the risks and opportunities of digital currencies for consumers,...more

Perkins Coie

Blockchain Week in Review – April 2017 #2

Perkins Coie on

Below is a summary of some of the significant legal and regulatory actions that occurred over the past week. This alert is not intended to be a comprehensive list of all such developments, but rather a selection of...more

Hogan Lovells

UK regulatory innovation: So what's the Plan?

Hogan Lovells on

In its 2015 Productivity Plan, the government committed to working with UK regulators to publish Innovation Plans setting out how legislation and enforcement frameworks could adapt to emerging technologies and disruptive...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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The CFTC’s reportedly investigating the interest rate swap activities of Citigroup and others. Swaps allow companies to “hedge against a rise or fall in interest rates on the debt that they issue or hold, with banks usually...more

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