Digital pound will be pseudonymous with a focus on privacy: BoE CBDC chief
The underpinning technology for the U.K.’s CBDC could use an alternative to blockchain technology.
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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.
Gold Slides on Higher US Treasury Yields, Dollar
Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate…
BIS, Bank of England concludes blockchain int’l settlements pilot
The insights of Project Meridian would be used by the Bank of England in its Real-Time Gross Settlement (RTGS) system.
Bank of England preparing for greater role of tokenization in finance, official says
BoE deputy governor Sir Jon Cunliffe looked at stablecoin, CBDC and other forms of tokenization taking hold in the modern economy in a speech on financial innovation.
UK forms Bitcoin Policy org to boost BTC education and adoption
A Bitcoin-only policy organization in the United Kingdom seeks to steer a course for greater levels of Bitcoin adoption.
US explores additional bank support favoring First Republic’s benefit: Report
Despite banking laws stating that remedies should not be aimed at benefiting a specific bank, this change could be structured “in a way to ensure” First Republic benefits, according to…
SVB’s UK arm issues 15M pounds in bonuses after symbolic bailout: Report
Insider sources reportedly described the bonus pool as “modest,” adding that the stock held by senior execs had been “rendered worthless” following Silicon Valley Bank UK arm’s “near-collapse.”
UK regulators moving “at pace” to deliver plan for tech firms hurt by SVB collapse
An emergency plan to rescue startups and tech companies affected by the Silicon Valley Bank collapse is underway in the United Kingdom.
UK banking regulator to propose crypto issuing, holding rules after Basel 3 finalized
The Bank of England Prudential Regulatory Authority will facilitate international economic growth under the Financial Services and Markets bill now in Parliament.