Bank of England News

The Bank of England promotes CBDCs as a “revolution of money,” while Brits are not really willing to use it.

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.

"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.

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.

Executives and experts from Google, Amazon, PayPal and ConsenSys will be assisting Britain’s central bank with its CBDC research.

In a recent survey, British adults expressed concerns of personal privacy and government interference on the prospect of a government-backed digital currency.

“While I believe in the power of new technology, we also need to manage its impact on our economy and society,” said Rishi Sunak.

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.”

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.

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.

Central bank digital currencies face a tricky trilemma when it comes to ensuring they are well designed. What’s the answer?

England’s central bank warns crypto investors to be wary of the risks associated with buying cryptocurrencies.

The BoE has recently taken greater steps toward the rollout of a central bank digital currency.

The Bank of England's CBDC-related job listings range from solution architect to senior manager.

The United Kingdom is the latest country to begin exploring the possibility of creating a central bank digital currency.