Bank of England

Analysts from the U.K.'s central bank said private currencies could work alongside any future CBDC initiative if they offered real utility.

By Paddy Baker

Apr 7, 2020 at 4:22 p.m. UTC

Apr 7, 2020

PrivacyFacebookBank of EnglandLibraCentral BankingCBDCs

Policy

Bank of england

Digital Pound Could Present 'Challenges' for UK, Says Mark Carney

The outgoing governor of the Bank of England highlighted the potential risks to monetary governance if a central bank digital currency were to be launched in the U.K.

By Daniel Palmer

Mar 12, 2020 at 12:00 p.m. UTC

Mar 12, 2020

Bank of EnglandCentral BankingMark CarneyCBDCs

Policy

Bank of england

'Crucial' for Central Banks to Consider Digital Currencies: Bank of England Exec

Governments need to research digital currencies so they can strike a balance with private issuers, said the BoE's chief cashier.

By Paddy Baker

Feb 24, 2020 at 11:50 a.m. UTC

Feb 24, 2020

Bank of EnglandLibraRegulationCBDCs

Markets

Speculation

Speculation Undermines Crypto Prices and Utility, Says Bank of England Senior Economist

Speculation clogs up blockchains, making them harder to use and ultimately less valuable, a working paper suggests.

By Paddy Baker

Feb 17, 2020 at 3:26 p.m. UTC

Feb 17, 2020

SpeculationPaymentsBank of EnglandMarkets

Policy

Bank of england

Bank of England's Stablecoin Ruling Targets Financial Stability, Exec Says

Financial stability was a key factor in the Bank of England's decision to hold stablecoin payment systems to the same regulatory standards as existing payment chains.

By Danny Nelson

Jan 27, 2020 at 9:05 p.m. UTC

Jan 27, 2020

Bank of EnglandRegulationStablecoin