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.
The Bank of England promotes CBDCs as a “revolution of money,” while Brits are not really willing to use it.
Bitcoin too volatile to be adopted as legal tender, says BoE chief
The Bank of England’s Sir Jon Cunliffe has urged British lawmakers to think “very hard” about the disruption integrating cryptocurrency with traditional finance...
Crypto poses imminent threat to financial stability: Bank of England Deputy Governor
"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.
UK Treasury and central bank will consult on CBDC, potentially launching by 2030
The central bank official spoke about the risks that cryptocurrencies and stablecoins may pose when connected to traditional financial systems through individua...
BoE deputy gov: Regulators should pursue crypto as a ‘matter of urgency’
Executives and experts from Google, Amazon, PayPal and ConsenSys will be assisting Britain’s central bank with its CBDC research.
Bank of England unveils all-star payments and tech lineup for CBDC Forums
In a recent survey, British adults expressed concerns of personal privacy and government interference on the prospect of a government-backed digital currency.
Poll shows Brits concerned over the prospect of a digital pound
“While I believe in the power of new technology, we also need to manage its impact on our economy and society,” said Rishi Sunak.
UK chancellor names CBDC on list of financial reforms for Treasury