Bank of England News and Articles

The Bank of England is set to sketch the first regulatory framework for crypto. According to the institution, the industry could pose risks to financial stability without being unregulated. The Bank mentioned that although the sector is still small, it sees rapid growth. Discussions over crypto...

The United Kingdom’s Central Bank released a Financial Stability Report, where it mentioned the rapid evolution of the crypto industry. The regulator said that domestic and global regulations must cooperate to control the risks of the fast-evolving market of cryptocurrencies. The Financial Policy...

Andrew Bailey, the governor of the Bank of England expressed concerns related to El Salvador's Bitcoin legalization. According to a report by Bloomberg, during the Cambridge University student union on November 25, the governor said he is worried that El Salvador would choose Bitcoin as its...

Central bank digital currencies (CBDCs) are the instruments of our future to bring about a global financial revolution. This point of view is shared by the management of the Bank of England. Deputy Head of the Central Bank John Cunliffe, during his speech at the Parliamentary Committee on Economic...

Bitcoin has no value, but stablecoins can occupy a certain niche in the financial system. This was stated by the chairman of the Bank of England Andrew Bailey. The head of the regulator noted the outgoing danger from decentralized assets like bitcoin, as well as interest in stablecoins and national...

Another government has decided to accelerate the development of a regulated digital currency (CBDC). The Bank of England announced later this week that it is starting to recruit a team of professionals representing the blockchain industry. Seven vacancies were published about a week after the...

Today Bank of England's official website disclosed that together with HM Treasury the entity will build a CBDC (Central Bank Digital Currency) task force, which aims to organize the examination of a possible UK CBDC. There was noted in the release that the financial influencers haven's decided yet...

Existing cryptocurrencies do not have a suitable model that would allow them to work as a means of payment in the long term. Governor of the Bank of England Andrew Bailey said this at the World Economic Forum in Davos. In a separate session entitled “Restarting Digital Currencies,” Bailey noted...

Bank of England economist Andy Haldane believes digital currencies are revolutionizing. Their massive introduction will lead to the formation of a "new financial order." The expert outlined his position during a speech at the tenth-anniversary conference of the Central Bank of Great...

Bank of England Governor Andrew Bailey is still extremely skeptical of Bitcoin. Last Monday, October 12, the head of the Central Bank at one of the events expressed concerns about the growing popularity of cryptocurrency. Bailey recalled that the use of BTC as a payment instrument poses threats to...

Governor of the Bank of England Mark Carney proposed a modification of the global economic system. He suggested replacing USD with a Libra-like digital currency. During his speech at the Federal Reserve’s yearly symposium, the governor announced that a currency like Facebook’s Libra may replace...