News
Official Chinese national news media outlet warns readers that Bitcoin could go to zero value in order to dissuade them from investing in and using cryptocurrency.
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Bank of England News
The Bank of England is one of the main financial authorities and is the central bank of the United Kingdom. The Bank of England is the second-oldest bank in operation and the most influential of them, having served as a role model for other countries’ central banks. There are a lot of services provided by the Bank of England. For example, the Bank of England provides a quarterly inflation report that sums up all the results of monetary policies. The Bank of England is also in charge of economic growth forecasts and some other financial predictions and research. The Bank of England is the custodian of the gold reserves of the United Kingdom and the official gold reserves of around 30 other countries. The Bank of England is the banknote issuer of UK and has a contract with De La Rue plc. – an English banknote manufacturing company that prints all the modern banknotes of the UK.
- News
The regulator says it’s “committed to keeping pace” with the risks of “the growth of crypto assets,” upping its budget by $31 million in preparation.
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The Bank of England will launch a yearlong joint research project with MIT, which is already working with the Federal Reserve Bank of Boston and Bank of Canada.
3741 - News
A bundle of interrelated documents reminds financial institutions of their responsibilities and looks at the state of crypto regulation in the U.K.
4528 - News
The Bank of England promotes CBDCs as a “revolution of money,” while Brits are not really willing to use it.
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The Bank of England’s Sir Jon Cunliffe has urged British lawmakers to think “very hard” about the disruption integrating cryptocurrency with traditional finance could wreak.
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"The earliest date for launch of a U.K. CBDC would be in the second half of the decade,” said the Bank of England, adding no final decision has yet been made.
4021 - News
The central bank official spoke about the risks that cryptocurrencies and stablecoins may pose when connected to traditional financial systems through individuals, financial institutions, hedge funds and banks.
3503 - News
Executives and experts from Google, Amazon, PayPal and ConsenSys will be assisting Britain’s central bank with its CBDC research.
7205 - News
In a recent survey, British adults expressed concerns of personal privacy and government interference on the prospect of a government-backed digital currency.
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“While I believe in the power of new technology, we also need to manage its impact on our economy and society,” said Rishi Sunak.
4703 - News
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.”
9125 - News
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.
9670 - News
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.
10823 - Explained
Central bank digital currencies face a tricky trilemma when it comes to ensuring they are well designed. What’s the answer?
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