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Latest BoE News
Whales appear to be stepping up their purchase of Litecoin. From early November, they have acquired 2.96 million LTC valued at over $220 million.
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…
The Bank of England (BoE) stated that stablecoin payments should receive the same regulations as bank payments, if the former gains widespread adoption. BoE Says Stablecoin Regulatory Framework Necessary in the UK According to Reuters on Monday (June 7, 2021),…
The Bank of England (BoE) and Her Majesty’s Treasury (HM Treasury) have jointly created a task force for the UK’s proposed central bank digital currency (CBDC) project. Taskforce to Explore Modalities for UK’s CBDC In a press release published on…
Raoul Pal, a former Goldman Sachs executive, is convinced Central Bank-backed digital currencies (CBDCs) are here to stay and represent the biggest overhaul of the global financial system since the Bretton Woods accord of the 1970s. BoE, IMF, and ECB…
The English central bank has outlined its plans for a CBDC, confirming their intent to act on monetary innovation. According to the research paper, the digital currency will run in tandem with the Real Time Gross Settlement (RTGS) system with…