Bank of England News

The Bank of England and the U.K. Treasury are cautiously advancing the exploration of a digital pound, focusing on research and legislative groundwork without a firm commitment to launch.

The Bank of England's financial stability report highlights the potential risks and increasing interest in asset tokenization within the financial sector, underscoring the need for global regulatory coordination.

The Bank of England is introducing sweeping regulations for stablecoins and digital currencies, but some lawmakers question whether a digital pound is needed at all.

The UK is setting new regulations for stablecoins and the wider cryptocurrency market, aiming to enhance financial stability and consumer protection while fostering innovation.

The Bank of England’s consultation on the digital pound has sparked widespread public debate, underscoring critical concerns about privacy, cash usage, and the currency’s future trajectory.

The Bank of England (BoE) and HM Treasury issued a call for interest, seeking academic experts to join a new advisory group focused on central bank digital currencies (CBDCs)

Bank of England Governor Andrew Bailey declares cryptocurrencies as “extremely speculative investments” and emphasizes the need for enhanced digital money. During his recent London Financial and Professional Services Dinner speech, Bank of England’s governor Andrew Bailey expressed skepticism towards cryptocurrencies.…

Bank of England's Project Rosalind, in collaboration with the Bank for International Settlements (BIS), has brought the debut of the digital pound one step closer

The Bank of England (BoE) is considering implementing restrictions on stablecoins for payments and developing new regulations to ensure financial stability.

The Bank of England (BoE) is assembling 30 experts to design a central bank digital currency (CBDC)

The Bank of England is accepting applications for a proof of concept wallet for its Central Bank digital currency until December 23

Bank of England is not convinced that DeFi has the ability to solve financial risk after the FTX implosion. Bank of England pessimistic about DeFi and risk management On Monday, November 21, 2022, the deputy governor of the Bank of…

According to Bank of England Deputy Governor Jon Cunliffe, as reported by Reuters, using the blockchain technology that underpins crypto assets to provide rapid trading and settlement across all financial markets is not desired given the difficulties it would provide.…

The Financial Stability Board monitors and makes recommendations about the global financial system. The body was established by the G20 at its April 2009 Summit in London. Recent Calls and Assignments The board has now called for a set of…

The United Kingdom’s central bank, the Bank of England (BOE), is looking to raise over $400 million from commercial banks under its purview, to increase scrutiny on cryptocurrency.  BOE Keen on Monitoring Crypto According to a Bloomberg report, the BOE’s…

While nations around the globe continue to kickstart their CBDC efforts, a Bank of England official recently noted that developing a retail wallet for the digital Pound is “highly unlikely.” CBDC Remains a Topic of Contention According to a recent…