BoE policymaker Andy Haldane believes a widely-used digital currency could have a positive impact on financial stability.
Jon Cunliffe, one of the leaders of England’s central bank, said banks must adapt to the changes brought on by digital assets.
Deputy Governor Jon Cunliffe says protecting bank business models is not BoE’s responsibility.
ECB President Christine Lagarde says the impetus for a central bank digital currency could come from the need to facilitate cross-border finance.
“We will continue to explore the pros and cons of CBDC,” said Tom Mutton.
Central bank digital currency interest continues gaining global traction.
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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Traders are becoming cautious about Bitcoin price after repeated rejections at the $11,500 level following the recent rally.
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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“It may have extrinsic value in the sense that people want it,” said Bailey.