Finextra: Third of central banks delay CBDC timelines
Nearly a third of central banks have delayed their CBDC timelines.
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Lloyds Banking Group: What’s next for fintech in 2025?
A good overview of where the market is going in 2025 from Kirsty Rutter at Lloyds Banking Group.
Crypto.news: Elon Musk’s X to partner Visa for X Money payments
Elon Musk is progressing toward enabling payment functionality for X users by partnering with Visa and expecting to launch in 2025.
Finextra: Bank of England to launch Digital Pound Lab
The Bank of England is to launch a Digital Pound Lab as it sets out its blueprint for the design phase of a future Britcoin.
PYMNTS: 5 Blockchain Projects the World’s Biggest Banks Are Behind
Blockchain has gone quiet from its peak a few years ago but there are a number of big bank backed projects going on.
Finextra: Bank of England presses on with retail CBDC to plug bank innovation gap
The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the “only game in town” as commercial banks lack the incentive to push for innovation.
Finextra: BofE and BIS develop tech to monitor stablecoin reserves
The Bank of England and the BIS Innovation Hub have developed a system that gives supervisors near real time data about stablecoins’ liabilities and their reserve assets.
Financial News: FCA reaches 100 crypto staff in digital assets hiring drive
The Financial Conduct Authority has bulked up its crypto staffing as it takes on new challenges in the digital asset space.
Crowdfund Insider: ClearBank Selected by Poundtoken for Banking Services, Will Hold Stablecoin Reserves at Bank of England
ClearBank announced it has been selected by Poundtoken to provide banking services, allowing it to hold its fiat-backed stablecoin reserves at the Bank of England.
Finextra: Wholesale, not retail, CBDCs more likely to be issued in near-term – BIS
Wholesale, not retail, CBDCs more likely to be issued in near-term according to the Bank for International Settlements – BIS.