Market Updates in CBDCs, Crypto Funds, BD-ATS Platforms and Stablecoins; DOJ and CFTC Enforcement Continues; DeFi Error Releases Millions in Crypto | BakerHostetler

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[co-author: Lauren Bass]

CBDCs Explored by the U.K., New Zealand and Major Payments Network

By Veronica Reynolds

This week, the Bank of England and Her Majesty’s Treasury announced the members appointed to its central bank digital currency (CBDC) Engagement and Technology Forums (Engagement Forum), which includes tenured stakeholders from industry, civil society and academia. The purpose of the Engagement Forum is to foster discussion and elicit strategic feedback on policy considerations and technical requirements related to the implementation of CBDCs. The creation of the Engagement Forum was first announced in April 2021 in conjunction with the CBDC Taskforce to facilitate the potential creation of a U.K. CBDC.

The Reserve Bank of New Zealand announced in a press release this week that it has issued two papers on CBDCs and is seeking public input regarding the operational and cybersecurity risks that could arise with the adoption of CBDCs…

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