UK chancellor names CBDC on list of financial reforms for Treasury
“While I believe in the power of new technology, we also need to manage its impact on our economy and society,” said Rishi Sunak. Go to Source Powered by WPeMatico
Bank of England
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Bank of England Boss Pledges ‘Tough Love’ in Cryptocurrency Regulation
Bank of England Governor Andrew Bailey says there will be an element of “tough love” in regulating cryptocurrency. “What we cannot have is a world where innovation gets a free pass to ignore the public interest. The odds of such an approach not ending well are too high,” the governor said. Bank of England’s Bailey … Read more
Stablecoins not that radical, says Bank of England official
The Bank of England’s executive director of the Financial Market Infrastructure Directorate says that stablecoins are hardly “launching us off into some brave new world.” Go to Source Powered by WPeMatico
BoE tackles ‘difficult and pertinent’ questions about digital money
The Bank of England has published a new discussion paper that tries to gauge the systemic implications of both private stablecoins and a central bank digital currency. Go to Source Powered by WPeMatico
Bank of England Governor Bailey Says Cryptocurrencies Are ‘Dangerous’
Known for his reluctant stance on decentralized money, the Governor of Bank of England (BOA), Andrew Bailey, has recently taken his anti-crypto rhetoric up a notch. Speaking at a meeting with lawmakers in London, Bailey stated that cryptocurrencies are “dangerous.” Andrew Bailey Remains Sceptical About Cryptos “Crypto-assets,” as the central bank’s official labels bitcoin and … Read more
UK will likely need to issue a digital currency, says BoE deputy governor
The Bank of England’s deputy governor has argued that, with the possible rise of non-bank actors issuing currency, public money in digital form could serve as a crucial anchor for confidence in money as a social convention. Go to Source Powered by WPeMatico
The challenges with designing a CBDC, explained
Central bank digital currencies face a tricky trilemma when it comes to ensuring they are well designed. What’s the answer? Go to Source Powered by WPeMatico
Bank of England governor issues crypto investment warning
England’s central bank warns crypto investors to be wary of the risks associated with buying cryptocurrencies. Go to Source Powered by WPeMatico
Bank of England and UK Parliament get ‘Bitcoin fixes this’ treatment
The BoE has recently taken greater steps towards the rollout of a central bank digital currency. Go to Source Powered by WPeMatico
England’s central bank moves ahead with CBDC with 7 job postings
The Bank of England’s CBDC-related job listings range from solution architect to senior manager. Go to Source Powered by WPeMatico
