#boe

4:43pm, 10th July, 2023

BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’

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

Digital pound will be pseudonymous with a focus on privacy: BoE CBDC chief

5:13am, 27th June, 2023

Crypto Wiki

Digital pound will be pseudonymous with a focus on privacy: BoE CBDC chief

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

BoE fintech head says crypto doesn’t ‘fulfill any of the functions of money’

1:55pm, 9th May, 2023

Crypto Wiki

BoE fintech head says crypto doesn’t ‘fulfill any of the functions of money’

At a recent event, Tom Mutton, the Bank of England’s head of fintech, touted the privacy benefits of CBDCs while denouncing the anonymity of cryptocurrencies.

UK is 'likely' to need digital currency, says BoE and Treasury: Report

4:29pm, 4th February, 2023

Crypto Wiki

UK is 'likely' to need digital currency, says BoE and Treasury: Report

The digital pound roadmap is reportedly set to be introduced next week, along with a joint public consultation.

BoE policy talk: DeFi had better implement good governance before it’s too late

5:25pm, 19th October, 2022

Crypto Wiki

BoE policy talk: DeFi had better implement good governance before it’s too late

An external member of the BoE policy committee looks at DeFi governance and regulation and lists measures the industry should take before regulated blockchain swallows up business.

BoE official compares current crypto market regulation to 'unsafe aeroplanes'

12:08pm, 12th July, 2022

Crypto Wiki

BoE official compares current crypto market regulation to 'unsafe aeroplanes'

According to Jon Cunliffe, regulators needed to accelerate efforts to find a place for crypto in current frameworks based on the principle of "same risk, same regulatory outcome."

Crypto market volatility shows need for 'enhanced regulatory and law enforcement frameworks' — BoE

11:49am, 5th July, 2022

Crypto Wiki

Crypto market volatility shows need for 'enhanced regulatory and law enforcement frameworks' — BoE

The central bank said the growth of the crypto market did not pose an “immediate threat” to the United Kingdom’s financial system, but had the potential to do so in the future.

China warns Bitcoin is heading to zero but BoE looks on the bright side

9:54pm, 22nd June, 2022

Crypto Wiki

China warns Bitcoin is heading to zero but BoE looks on the bright side

Official Chinese national news media outlet warns readers that Bitcoin could go to zero value in order to dissuade them from investing in and using cryptocurrency.

Bitcoin too volatile to be adopted as legal tender, says BoE chief

7:10am, 26th November, 2021

Crypto Wiki

Bitcoin too volatile to be adopted as legal tender, says BoE chief

The Bank of England promotes CBDCs as a “revolution of money,” while Brits are not really willing to use it.

BoE deputy gov: regulators should pursue crypto as a 'matter of urgency'

4:57pm, 13th October, 2021

Crypto Wiki

BoE deputy gov: regulators should pursue crypto as a 'matter of urgency'

The central bank official spoke about the risks cryptocurrencies and stablecoins may pose when connected to traditional financial systems through individuals, financial institutions, hedge funds, and banks.