CBDC Broadcast #23 - The CBDC Broadcast, Webinars, The Digital Pound: What’s Next

About this Episode

With:

| Jannah Patchay (Executive Director, Policy Lead & Originating Member of the Digital Pound Foundation)
| Elise Soucie (Director of Global Policy and Regulatory Affairs, Global Digital Finance)

Guests Elise Soucie (Global Digital Finance) and Jannah Patchay (Digital Pound Foundation) joined the CBDC Broadcast to discuss what’s next for the Digital Pound as we asked how the Bank of England can build trust in the digital currency, what they can do to ensure appropriate safeguards are in place to maintain stability, and when we can expect to see a UK CBDC.

The session follows the Digital Pound Foundation’s submission to the Bank of England’s Discussion paper, outlining key considerations for developing a regulatory framework for digital forms of money, including stablecoins and CBDCs.

We’ll also look beyond the UK to explore what can be learned from other digital currency initiatives worldwide, to examine what advantages the UK has in pioneering this technology and the opportunity programmability brings for innovation and smart contracts.

The Session Covered:

• The Digital Pound and how it differs from stablecoins
• How the UK’s approach to CBDCs differs to other jurisdictions
• The use cases for a wholesale and retail CBDC
• The role of banks and other payment system providers in the Digital Pound Project
• How a UK CBDC that is seamlessly interchangeable with other forms of money would work in practice
• The UK and the digital financial and digital money landscape in 2024