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UK financial authorities work with industry on digital ID, US regulator signals support

Nuggets has worked on developing a digital wallet solution for a retail use case of a potential UK Central Bank Digital Currency. ....

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Biometric National Digital IDs are Coming Soon to Pave the Way for Central Bank Digital Currencies

Imagine a world where you cannot purchase anything in a retail store, or online, or be able to access the cash in your bank account, unless you first use your cell phone to scan your face to prove your identity. You are assured that your face image is "secure" and never shared or sold to third party advertisers, but now every time you scan your face to make a financial transaction, a new digital image of your face is stored somewhere, where it can be hacked or sold to the highest bidder. Now, every time you go out into the public where there are cameras everywhere today, from your neighbor's door cameras to the cameras on street lights and traffic signals, to even the cameras in and around your car, someone with the technological know-how could literally trace every step you make, and everywhere you went, who you met, and possibly even everything you said and did with that person, because your national ID is now tied into your face scan which you have to constantly use w ....

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Edinburgh Reforms hail next chapter for UK Financial Services

Edinburgh Reforms hail next chapter for UK Financial Services
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Peers cast doubt on 'Britcoin' project

Lords committee warns that Bank of England officials have overstated the potential benefits of a central bank digital currency ....

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Think twice before going with Huawei

Think twice before going with Huawei
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