Bank of England – Page 3

UK think tank launches a crusade against ‘surveillance’ CBDCs

The Bank of England’s plans for a CBDC launch raises concern among UK Tax Reform Council and the broader Bitcoin community.

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UK’s digital pound would modernize payments but won’t replace cash: Minister

Finance minister Jeremy Hunt says the digital pound, or “Britcoin” would be issued and backed by the Bank of England, but won’t negate the use of cash.

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UK is ‘likely’ to need digital currency, says BoE and Treasury: Report

The digital pound roadmap is reportedly set to be introduced next week, along with a joint public consultation.

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Robert Kiyosaki: SEC Will ‘Crush’ Most Cryptos, Burry on US Recession, Gold Bug Schiff on Inflation in 2023 — Week in Review

2023 is off to a rough start, with crypto business bankruptcies, inflation, and recession impacting markets and looming darker on the horizon. Rich Dad Poor Dad author Robert Kiyosaki says that other than bitcoin, the Unites States Securities and Exchange Commission is going to “crush” most cryptos with regulations. Other investors and economists such as […]

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Disputed Venezuelan Gold Worth $1.8B in Bank of England Vaults Remains Uncertain After Dissolution of Interim Government

venezuelan gold guaido maduro bank of england

The status of the Venezuelan gold currently being held by the Bank of England might fall into regulatory limbo after the dissolution of the interim government of Juan Guaido. The 31 tons of gold have been the subject of dispute between the current president Nicolas Maduro and Juan Guaido since 2019, when Guaido integrated a […]

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Bank of England’s Cunliffe Pushes for Crypto Regulation — Sees ‘Real’ Benefits for UK

Bank of England Deputy Governor Sir Jon Cunliffe has revealed that the British central bank is planning to step up its efforts to regulate cryptocurrency trading with new laws. “We should think about regulation before it becomes integrated with the financial system and before we could have a potential systemic problem,” he stressed. Sir Jon […]

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Bank of England opens applications for ‘proof of concept’ CBDC wallet

The bank requires the wallet to execute basic features such as transacting value and requesting payments and set its budget at nearly $255,000.

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UK crypto bill to restrict services from abroad: Report

The regulatory amendments will broaden the powers of the country’s financial regulator and put the crypto industry under tighter scrutiny.

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Bank of England Deputy Governor: FTX Collapse Highlights Urgent Need for Tighter Crypto Regulation

Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, says the collapse of cryptocurrency exchange FTX has highlighted the urgent need for tighter crypto regulation. “We should not wait until it is large and connected to develop the regulatory frameworks necessary to prevent a crypto shock that could have a much greater destabilizing […]

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BOE’s Cunliffe says regulation can save crypto from itself, and it’s worth the effort

Blockchain technologies can bring improvements to finance, given a regulatory framework, and links between DeFi and TradFi are being rapidly cemented already, Cunliffe said.

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