Category: Bank of England

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George Soros: Bitcoin is Propped Up by Dictators

George Soros: Bitcoin Propped Up by DictatorsLegendary currency trader, hedge fund titan, philanthropist George Soros, 87, delivered his yearly talk at The World Economic Forum 2018 in Davos, Switzerland. At the end of his remarks, an audience question asked the mogul his thoughts on cryptocurrencies generally and bitcoin in particular. Also read: Tezos Swiss Foundation Concept is “Old, Inflexible and Stupid” George […]

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Bank of England Cancels Plans to Issue a Digital Currency

Themerkle_Bank of England BlockchainCentral banks all over the world are looking for ways to counter the Bitcoin “threat” these days. Although the issuance of Bitcoin regulation will not do much in this regard, it’s still an option being considered. The Bank of England had plans to issue its own digital currency not that long ago, but it seems this idea has been put on ice indefinitely. That’s due to the potential instability such a currency might cause. Bank of England Reverses Course There have been various rumors regarding the Bank of England issuing its own digital currency at some point in the future. This financial institution is not the only one

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British Bank Says “No” to Crypto Firms from Gibraltar

British Bank Says “NO” to Crypto Transactions from GibraltarLess than a week since it started licensing blockchain businesses, Gibraltar has received bad news from the United Kingdom. A leading British bank has refused to process orders from crypto firms based in the overseas territory. Gibraltan banks are now on the lookout for another UK banking partner. Also read: Britain: Where You Can Bet […]

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Bank of England Could Issue “Bitcoin-style Digital Currency” in 2018

Bank of England Could Issue “Bitcoin-style Digital Currency” in 2018The Bank of England might have “its own Bitcoin-style digital currency” this year already, according to the country’s legacy media. The more than three hundred year old bank set up a research unit back in 2015 to investigate linking a state-backed crypto to sterling, and there appears to be a breakthrough. Also read: EU Central […]

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