MIT adds the Bank of England to its stable of CBDC digital currency research partners
The Bank of England will launch a yearlong joint research project with MIT, which is already working with the Fed and Bank of Canada.
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Bank of England and regulators assess crypto regulation in raft of new reports
A bundle of interrelated documents remind financial institutions of their responsibilities and look at the state of crypto regulation in the U.K.
Bank of England Says Crypto Assets ‘Present Financial Stability Risks,’ Bank Begins Sketching Regulatory Framework
The Bank of England has revealed that it is working on sketching a regulatory framework for crypto assets, according to statements stemming from the central bank’s Financial Policy Committee on…
Bank of England Hikes Bank Rate to 0.5%, Governor Andrew Bailey Hints at Wage Restraints
The Bank of England (BOE) raised the country’s benchmark bank rate from 0.25% to 0.5% this week in order to curb rampant inflation. “We face a trade-off between strong inflation…
British Lawmakers Say a CBDC Is Likely to Hurt Financial Stability — Digital Pound Benefits Overstated
According to British lawmakers, a central bank digital currency (CBDC) is likely to raise the cost of borrowing while hurting financial stability. They insist the touted potential advantages of a…
Global Markets, Bitcoin Defy Expectations After Fed’s Hawkish Taper Plan Announcement
Global markets have defied predictions as the U.S. Federal Reserve and several central banks worldwide are prepping to slow down monetary easing policy. On Wednesday, the U.S. central bank’s Federal…
Bank of England Deputy Governor Warns Crypto Prices Could Fall to Zero
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that the price of cryptocurrencies, including bitcoin, could fall to zero. Noting that the crypto industry is…
Ex-Chancellor: Crypto Could Give London an Advantage Over European Competitors
According to the British politician who served as Chancellor of the Exchequer from 2016 to 2019 – Philip Hammond – digital assets could ease the post-Brexit financial disruption, which the…
Bank of England Governor Worried About Bitcoin Being Legal Tender in El Salvador
The governor of the Bank of England, the country’s central bank, has voiced concerns about El Salvador choosing bitcoin as a national currency. Citing a recent warning by the International…