BoE policymaker Andy Haldane believes a widely-used digital currency could have a positive impact on financial stability.
Category: Bank of England
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‘Banks will have to adjust’ to crypto, says Bank of England leader
Jon Cunliffe, one of the leaders of England’s central bank, said banks must adapt to the changes brought on by digital assets.
Bank of England Official Balks at Shielding Banks Against Digital Currencies: Report
Deputy Governor Jon Cunliffe says protecting bank business models is not BoE’s responsibility.
ECB’s Lagarde Has ‘Hunch’ Digital Euro Will Launch in 2-4 Years
ECB President Christine Lagarde says the impetus for a central bank digital currency could come from the need to facilitate cross-border finance.
BoE hasn’t ‘made any decision’ regarding a CBDC, says fintech director
“We will continue to explore the pros and cons of CBDC,” said Tom Mutton.
Leaders of global CBDC projects talk shop in panel today
Central bank digital currency interest continues gaining global traction.
Bitcoin’s Intrinsic Value: Crypto Community Responds to Bank of England Governor
Bitcoin’s intrinsic value has been heavily discussed in the crypto community this week following a remark by the governor of the Bank of England suggesting that the cryptocurrency may have no intrinsic value. Does Bitcoin Have Intrinsic Value? Bank of England Governor Andrew Bailey talked about bitcoin’s intrinsic value during a question and answer session […]
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Crypto traders cautious on Bitcoin price as rally to $11.7K goes sour
Traders are becoming cautious about Bitcoin price after repeated rejections at the $11,500 level following the recent rally.
Bank of England Moves Closer to Negative Interest Rates, Asks Banks if They Are Ready
The Bank of England has moved closer to adopting a negative interest rate policy. The central bank has asked commercial banks in the U.K. to provide details of how ready they are to deal with negative interest rates, asserting that for the policy to be effective, commercial banks need to be ready to implement it. […]
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BoE governor continues to assert Bitcoin has ‘little intrinsic value’
“It may have extrinsic value in the sense that people want it,” said Bailey.