CBDC-related positions open up as Bank of England digital pound plans move forward
Bank of England describes the new positions as geared towards “helping the team develop its priorities and exploratory work plan for CBDC.”
Latest Bank of England News
Bank of England establishes taskforce to explore CBDC
The taskforce will coordinate exploration of the objectives, use cases, opportunities and risks of a potential CBDC, as well as guide the evaluation of its design features, among other responsibilities.
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.
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.