Cryptocurrency Analysis and News Portal
Breeden, who was on the BoE's Central Bank Digital Currency task force, will officially take over Cunliffes role on Nov. 1, 2023, where she will sit on the financial policy, monetary policy and the prudential regulation committees and "play a key role in providing a link between financial stability and
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied 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
Read More
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
Read More
Following a successful Project Rosalind CBDC test, the BoE is making progress with developing and launching a digital pound. The Bank of England (BoE) is moving closer to launching its Central Bank Digital Currency (CBDC) after its long test project on the potential benefits of the technology. The BoE launched Project
Read More
Amid financial scrutiny, UK fintech giant Revolut faces rejection for its long-running banking license application. Revolut is facing a possible rejection of its UK banking license application submitted to the Bank of England (BoE). The British neobank’s long-standing application for a UK banking license appears to be in jeopardy and could cause a
Read More
The researchers at Project Meridian identified several benefits of synchronization including reduction of risk, time, and cost invoked in settling a range of transactions. In a joint financial program dubbed Project Meridian, the Bank of England and the Bank for International Settlements (BIS) Innovation Hub London Centre investigated the use of
Read More
The Bank of England and the Bank for International Settlements (BIS) Innovation Hub London Center have tested a blockchain-powered settlements system between the central banks. The insights of Project Meridian will be used by the Bank of England in its Real-Time Gross Settlement (RTGS) system. On April 19, the official site
Read More
Bank of England deputy governor Sir Jon Cunliffe spoke at the Innovative Finance Global Summit in London on April 17 about the development of tokenization. The UK’s central bank is currently exploring tokenization in bank money, non-bank money and central bank money and the ways tokenized assets will interact.Stablecoins, Cunliffe
Read More
Andrew Bailey, the governor of the Bank of England, has asserted that stablecoins “will need to have the characteristics of, and be regulated as, inside money” before they function as money. Bailey also described crypto as a “highly speculative investment” with no intrinsic value. Stablecoins Purport to Be Money According to
Read More
The Bank of England (BoE) is assembling 30 experts to design a central bank digital currency (CBDC). Designing the digital pound According to reports on April 8, the CBDC, dubbed the “Britcoin” or the “digital sterling,” will be a digitized version of the British Pound, the region’s fiat currency. The central bank plans to
Read More