Bank of England: Banks have to adjust to digital currencies
The Bank of England will not protect commercial banks against the impact of digital currencies, according to deputy governor Sir Jon Cunliffe.
Latest Bank of England News
UK drafts plan to regulate stablecoins, research CBDC
The U.K. Treasury said it was working on proposals for a new regulatory structure for stablecoins and other digital currencies.
Bank of England develops infrastructure for digital pound
The facility to support CBDCs is being developed as a “bolt-on” should the bank decide to roll out a digital currency in future.
UK plans for digital currency ‘under review’: central bank
The United Kingdom is working on plans that could lead to a digital currency, with the likelihood of adoption in a few years’ time.
Bank of England asserts private digital currencies are viable as CBDCs
Should central banks ultimately introduce digital currencies, they could be launched with the help of private companies.
Bank of England chief warns of CBDC ‘challenges’ on fiat money
Outgoing Gov. Mark Carney addressed the so-called risks posed by central bank digital currencies.
Bank of England official: Tech firms may beat central banks on digital currency
Sarah John urged reserve banks to move more quickly towards developing and deploying crypto payment solutions..
Bank of England wants to explore use cases for digital currency
The U.K. central bank has teamed up with five other central banks to research CBDC use cases.
From open letters to new regulation, Facebook Libra faces another tough week
Lawmakers in the United States have reached out to three major financial firms partnering with Facebook’s Libra project to urge them to reconsider their involvement.
Facebook met UK regulators ‘three times’ before announcing Libra
Reuters learned Facebook had met with the Bank of England, the Treasury and regulatory officials before going public with its planned launch.
UK central bank chief: crypto could displace the US dollar
Mark Carney believes that the dollar will lose its place as the global reserve currency and adds that digital currency could take its place.
Bank of England rebuilds settlement platform to incorporate blockchains
The Bank of England will redesign its Real Time Gross Settlement system, which will allow private businesses and platforms to connect to the bank through distributed ledger technology.
