Tags: England

Bitcoin is “Not Taking Off” as Mainstream Payment: BoE Governor

UK Treasury Advises Lower Limits on Retail Digital Pound Over Fears of Bank Runs

The U.K. Parliamentary Committee fears that an official launch will demand a significant investment, adding that “It is not clear to us at this stage whether the benefits are likely to outweigh these risks.”

It’s not expected to come into force until 2025, but new publications from the FCA and BOE shed light on regulators’ thinking.

Sir Jon Cunliffe looks at payment solutions of the past and future in his last speech as deputy governor of the BOE.

Incoming BoE Deputy Governor Discusses Crypto‘s Value and Risks

Today in Crypto: India‘s Central Bank Proposes AI-powered Conversational Payments System, India Wants to Utilize Crypto to Digitally Sign Documents, UK Recruiting For CBDC Academic Advisory Group

Bank of England Forms Digital Pound Advisory Group to Shape CBDC Design

Bank of England Remains Focused on Systemic Stablecoin Regime

Today in Crypto: Binance Becomes First Fully Licensed Exchange in El Salvador, Coinbase Offers to Buy Back Up to $150 Million of Its $1 Billion Bonds, Bitstamp in Talks to Raise Fresh Funding, Brazilian CBDC Gets Its Official Name and Logo

The United Kingdom government could rebalance the power between the Bank of England and the country’s principal financial regulator, the Financial Conduct Authority.

A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money.

The U.K.’s Law Commission highlights four major recommendations to reform laws relating to cryptocurrency use and ownership.

Bank of England‘s CBDC ‘Britcoin‘ May Not Rely on Blockchain

The underpinning technology for the UK CBDC could use a different ledger than the popular blockchain technology.

Bank of England Project Finds CBDCs Could Introduce ‘Programmability‘ to Money

A major study between the Bank for International Settlements and the Bank of England found that a retail central bank digital currency could make peer-to-peer payments cheaper and easier.

The Bank for International Settlements has published the fifth paper by the group, highlighting its latest thinking on a potential retail CBDC.

Today in Crypto: Bank of England to Reject Revolut‘s Banking Licence Application, ASX Abandons Blockchain, HashKey to Raise Funds at $1BN Valuation, Ledger Co-founder Calls Recover Service Launch a ‘Horrible Mess‘