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.
As the monetary impacts of the coronavirus drive discussions surrounding central bank digital currencies, a U.K. blockchain firm has proposed a CDBD system to t...
Blockchain Firm Pitches CBDC Operating System to Bank of England
It is still too early to gauge the impact of QE on crypto, says Mati Greenspan. “The initial shock of the global economy grinding to a halt” is still too fresh.
Fed’s Quantitative Easing Strategy Holds Long-Term Benefits for Crypto
The Bank of England’s deputy governor has warned that stablecoin adoption could have profound implications for the money creation of national economies.
Bank of England Warns Crypto Adoption May Impact Credit Creation
The senior Bank of England official believes that regulators must act quickly to prevent major tech firms from using stablecoins to dominate the payments sector...
Bank of England Official: Central Banks May Lose Payments Race to Tech Companies
Libra has gotten off to a spluttering start in the eyes of regulators. But could central banks swoop in and save the day?
What Role Should Central Banks Have Launching Stablecoins Like Libra?
Mark Carney discussed the problems Libra must address prior to launch, while noting the problems it aims to solve, commenting that they do indeed need a solutio...
Bank of England Governor on Libra as a Solution to Financial Problems
Mark Carney thinks that while regulators will have to be satisfied, Facebook users will want a cheaper way of moving money.
Facebook Libra Cryptocurrency Has Its Uses, Says Bank of England Governor