Tech industry consortium runs CBDC pilot with sterling stablecoin

[Technology industry consortium runs CBDC pilot with sterling stablecoin] Jinse Finance reported that a cross-industry alliance has launched in the UK to run a retail CBDC pilot, which will feature real-time digital sterling (dSterling) stablecoin assets. Current members of the Digital Financial Market Infrastructure (DFMI) Alliance include IBM, Finastra, FinClusive, Ibanera, paywith.glass, Mattereum, Trust Payments, and Accomplish Financial. The initiative is coordinated by paywith.glass, a Dutch financial infrastructure group, with the Boston Consulting Group as its consulting partner, and is supported by the UK Payments Association.

Other news:

Encrypted financial technology company FOMO Pay completes US$13 million in Series A financing, led by Jump Crypto: On August 18, Singapore-based encrypted financial technology company FOMOPay announced the completion of US$13 million in Series A financing, led by JumpCrypto , HashKey Capital, Antalpha Ventures, AbInitio Capital and Republic Capital participated in the investment.

FOMOPay's vision is to become a leading global banking service provider in the fast digital economy, supporting digital payment services including cryptocurrencies, and working closely with regulators who provide central bank digital currency (CBDC) projects. (vulcanpost) [2022/8/18 12:33:13]

Voice | Qiao Ruiqing: "Financial Technology Development Plan" is the service quality and industry improvement that finance actively adapts to blockchain and other technologies: Recently, the central bank released news that the People's Bank of China recently issued the "Financial Technology (FinTech) Development Plan (2019-2021 Year) (hereinafter referred to as the "Plan"), which clearly puts forward the guiding ideology, basic principles, development goals, key tasks and safeguard measures for financial technology work in the next three years. Qiao Ruiqing, a columnist for China Economic Net, wrote in the Economic Daily today that the "Plan" is a system setting for the structural reform of the financial supply side, and it is the initiative of finance to adapt to the development of information technology such as the Internet, big data, cloud computing, Internet of Things, and blockchain. The improvement of service quality and industrial upgrading is the deep integration of finance and technology, which will further change the concept update and model innovation of financial supply. We have reason to believe that with the help of the "Plan", financial technology will definitely be able to promote the high-quality development of China's financial industry, thereby providing a more solid financial guarantee for the high-quality development of China's economy. [2019/8/27]

Voice | Head of NYDFS: New York State’s regulatory framework will not inhibit financial technology innovation: According to ccn reports, the New York Department of Financial Services (NYDFS) announced on Monday that it will allow Gemini and Paxos Trust to issue two stablecoins, NYDFS head Maria T. Vullo hailed this as proof that a "strong state regulatory framework" does not stifle innovation in the fintech sector. Vullo said that as the fintech market continues to evolve, New York is committed to fostering innovation while ensuring responsible growth. These two approvals demonstrate that companies can achieve transformative and robust compliance standards within a strong state regulatory framework that protects regulated entities and consumers. [2018/9/11]