Ex-BoE economist: “no nearer to a digital pound being launched”
The Bank of England has already spent £24 million on the digital pound project Neil Record, a former BoE economist said the bank is “no nearer to a digital pound being launched” Record believes the project is more for the bank than the public A former Bank of England (BoE) economist has said there’s “no […]
NYDFS launches exchange program with Bank of England on crypto expertise
The New York regulator’s Transatlantic Regulatory Exchange program would allow the NYDFS to exchange senior staff experienced in digital assets with those at the Bank of England.This post was originally published on this site
Bank of England watchdog asks firms to disclose crypto exposure
The UK’s central bank wants to monitor the stability of crypto and set future policy; it has asked local firms to disclose their current and future crypto plans.This post was originally published on this site
Will Banks Survive? Bank of England Prepares to Launch CBDC if Innovation Stalls
The Bank of England cautions it could deploy a digital currency if commercial banks falter, signaling a potential upheaval in the future of money. Digital Payments Showdown: BOE Set to Roll Out CBDC if Banks Slip Behind Bank of England (BOE) Governor Andrew Bailey shared his outlook on the evolution of digital payments in a […]
BoE and FCA launch Digital Securities Sandbox to explore DLT
The DSS has the “potential to improve efficiency and reduce costs” in financial markets The sandbox will boost the UK’s position as a “vibrant financial centre” The DSS will operate until December 2028, but could be extended The Bank of England (BoE) and the UK’s Financial Conduct Authority (FCA) have launched a sandbox exploring new […]
Bank of England and FCA launch Digital Securities Sandbox
The regulatory sandbox aims to strengthen the United Kingdom’s position as a global financial hub.This post was originally published on this site
Bank of England and FCA launch Digital Securities Sandbox
The regulatory sandbox aims to strengthen the United Kingdom’s position as a global financial hub.This post was originally published on this site
Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates
Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the money supply and drive inflation. Hayes argues that while inflation may negatively impact some businesses, it would benefit […]
BIS, Bank of England unveil Project Pyxtrial for stablecoin monitoring
The proof-of-concept showed that real-time monitoring of stablecoin reserves could be achieved with cooperation among regulators, technologists and issuers.This post was originally published on this site
England’s Law Commission proposes new property category for crypto assets
The Law Commission’s final report advocates for legal reforms to better protect the unique features of digital assets.This post was originally published on this site