Bank of England Archives

Bank of England, BIS outline Pyxtrial project for monitoring stablecoins

Business

James Field

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8 August, 2024

Bank of England, BIS outline Pyxtrial project for monitoring stablecoins

Reeling from the aftermath of the Terra collapse, the BIS and BoE will carry out Pyxtrial, an initiative focused on...

Bank of England looks to update RTGS by exploring wholesale CBDC, synchronization

Business

James Field

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2 August, 2024

Bank of England looks to update RTGS by exploring wholesale CBDC, synchronization

After the real-time gross settlement crash in July, the BOE is looking for a solution to update the network, proposing...

Decentralization a spectrum, regulation a necessity: Responses to France’s DeFi discussion paper

Finance

James Field

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16 July, 2024

Decentralization a spectrum, regulation a necessity: Responses to France’s DeFi discussion paper

The AMF received 34 responses from various players in the DeFi ecosystem, centralized players from the digital asset sector and...

SEC Commissioner pitches US-UK digital asset ‘cross-border’ regulatory sandbox

Finance

James Field

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5 June, 2024

SEC Commissioner pitches US-UK digital asset ‘cross-border’ regulatory sandbox

Under the proposed sandbox, intended to foster innovation between the U.S. and the U.K., participating firms could conduct the same...

Swiss Bank tokenization event hears optimism, concerns from leading banking institutions

Business

James Field

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15 April, 2024

Swiss Bank tokenization event hears optimism, concerns from leading banking institutions

While some experts believe tokenization has an array of positive global impacts, others cautioned of its potential to throw efforts...

Bank of England, FCA consulting on Digital Securities Sandbox, views Autumn date for first entrants

Business

James Field

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9 April, 2024

Bank of England, FCA consulting on Digital Securities Sandbox, views Autumn date for first entrants

Successful applicants of the U.K.’s Digital Securities Sandbox will be able to provide securities depository and settlement services and operate...

UK’s digital pound faces trust concerns and political opposition

Business

Steve Kaaru

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19 February, 2024

UK’s digital pound faces trust concerns and political opposition

As the U.K. edges closer to a general election, the digital pound is becoming a contentious political issue amid mounting...

BOE and UK Treasury praise potential of CBDCs, remain undecided on ‘digital pound’

Business

James Field

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30 January, 2024

BOE and UK Treasury praise potential of CBDCs, remain undecided on ‘digital pound’

The Bank of England and the U.K. Treasury remain undecided about the necessity of a CBDC in the U.K. but...

Bitcoin is not inefficient—Bank of England boss is wrong

Editorial

Gavin Lucas

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16 January, 2024

Bitcoin is not inefficient—Bank of England boss is wrong

Let's address the claim that "Bitcoin is inefficient," this is only true if one mistakenly assumes that BTC—which trades as...

Bank of England head tells Parliament Bitcoin is ‘pretty inefficient’

Business

James Field

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15 January, 2024

Bank of England head tells Parliament Bitcoin is ‘pretty inefficient’

The Bank of England takes aim at Bitcoin as a payment method, with Governor Andrew Bailey calling it "inefficient," while...

UK House of Commons Committee urges more research on CBDC, voices concerns about costs

Business

James Field

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6 December, 2023

UK House of Commons Committee urges more research on CBDC, voices concerns about costs

British officials believe CBDC would be a great boost in the United Kingdom, but its Treasury Committee calls for a...

UK legislators to central bank: Proceed with caution on CBDC

Business

Steve Kaaru

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5 December, 2023

UK legislators to central bank: Proceed with caution on CBDC

While they pledged support for a digital pound for promoting choice and sustaining access to central bank money, the MPs...

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