Millicent Labs demos full-reserve digital currency for UK government

Blockchain fintech company Millicent Labs has completed a sandbox test for a full-reserve digital currency (FRDC) with co-funding from the UK government’s Research and Innovation branch.

An FRDC is a privately issued digital currency pegged to a fiat currency, according to Millicent. The company believes it avoids the pitfalls of central bank digital currency and stablecoins while bridging blockchain technology with traditional finance.

Millicent plans to introduce a...

Stratis to help guide UK policy as ‘APPG Blockchain’ member

Big Ben

The Stratis blockchain has joined the UK’s ‘all party parliamentary group on blockchain’ (APPG Blockchain) to contribute knowledge and help guide UK blockchain policy.

APPG Blockchain already includes major organisations like the IOTA Foundation, Capita, SAP, and the British Standards Institute (BSI).

Now, alongside Stratis, they will collaborate on developing innovative blockchain use cases as well as providing policy recommendations to guide the UK’s approach...