Latest Jon Cunliffe News

50 pound sterling bank notes closeup view business background

Business 4 March 2023

Digital pound presents new payment frontier, but UK doesn’t have CBDC expertise yet: BoE

Bank of England Deputy Gov. Jon Cunliffe told lawmakers a digital pound would make it easier for U.K. residents to make micropayments—but doesn’t Bitcoin already do this?

Business 17 December 2021

Bank of England warns digital currency growth could pose financial stability risks

In a recent report, the bank said that digital currencies make up a small percentage of assets in the U.K., but are growing rapidly and have to be regulated.

Business 19 October 2021

Bank of England chief: Digital currency regulation a ‘matter of urgency’

The Deputy Governor said the risks posed by stablecoins as well as decentralized and derivatives trading on unbacked assets, were enough to require a more hands-on regulatory approach.