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A former Bank of England economist says there is “no customer demand” for the digital pound, calling it a costly project with unclear benefits. Ex-Bank of England economist appears to be highly critical of the digital pound initiative, saying it…
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The Bank of England’s Prudential Regulation Authority has issued a data request asking firms to disclose their current and planned exposures to “cryptoassets.” The statement requested firms to disclose their current and expected future “cryptoasset exposures” and to explain their…
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New research from the Bank of England suggests that emerging privacy technologies such as zero-knowledge proofs could enhance user control over data in a digital pound. The Bank of England has suggested that zero-knowledge proofs and other privacy-enhancing technologies —…
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Bank of England warns that failure to modernize central bank money could shift wholesale settlements to private assets, potentially risking financial stability. A Bank of England executive warns that failing to adapt central bank money to emerging technologies could push…
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The Bank for International Settlements has announced a joint project with the Bank of England aimed at tracking stablecoins’ reserves. The Bank for International Settlements Innovation Hub in collaboration with the Bank of England announced a new joint pilot aimed…
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Tether
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The Bank of England plans a series of experiments with distributed ledger technology and wholesale CBDCs to assess their impact on the evolving payments landscape. The Bank of England aims to address rapid advancements in money and payment technologies with…
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The Bank of England and the U.K. Treasury are cautiously advancing the exploration of a digital pound, focusing on research and legislative groundwork without a firm commitment to launch.
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The Bank of England's financial stability report highlights the potential risks and increasing interest in asset tokenization within the financial sector, underscoring the need for global regulatory coordination.
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The Bank of England is introducing sweeping regulations for stablecoins and digital currencies, but some lawmakers question whether a digital pound is needed at all.
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Bitcoin
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The UK is setting new regulations for stablecoins and the wider cryptocurrency market, aiming to enhance financial stability and consumer protection while fostering innovation.
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The Bank of England’s consultation on the digital pound has sparked widespread public debate, underscoring critical concerns about privacy, cash usage, and the currency’s future trajectory.
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The Bank of England (BoE) and HM Treasury issued a call for interest, seeking academic experts to join a new advisory group focused on central bank digital currencies (CBDCs)
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Bank of England Governor Andrew Bailey declares cryptocurrencies as “extremely speculative investments” and emphasizes the need for enhanced digital money. During his recent London Financial and Professional Services Dinner speech, Bank of England’s governor Andrew Bailey expressed skepticism towards cryptocurrencies.…
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Bank of England's Project Rosalind, in collaboration with the Bank for International Settlements (BIS), has brought the debut of the digital pound one step closer
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The Bank of England (BoE) is considering implementing restrictions on stablecoins for payments and developing new regulations to ensure financial stability.
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The Bank of England (BoE) is assembling 30 experts to design a central bank digital currency (CBDC)
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