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Bank of England

Bank of England warns digital currency growth could pose financial stability risks
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17 December, 2021

Bank of England warns digital currency growth could pose financial stability risks

In a recent report, the bank said that digital currencies make up a small percentage of assets in the U.K.,...
Bank of England chief: Digital currency regulation a ‘matter of urgency’
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19 October, 2021

Bank of England chief: Digital currency regulation a ‘matter of urgency’

The Deputy Governor said the risks posed by stablecoins as well as decentralized and derivatives trading on unbacked assets, were...
UK House of Lords begins hearing on central bank digital currencies
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25 September, 2021

UK House of Lords begins hearing on central bank digital currencies

The upper house of the U.K.’s parliament, the Lords’ Economic Affairs Committee is calling for public submissions on whether a...
CBDC-related positions open up as Bank of England digital pound plans move forward
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5 May, 2021

CBDC-related positions open up as Bank of England digital pound plans move forward

Bank of England describes the new positions as geared towards “helping the team develop its priorities and exploratory work plan...
Bank of England establishes taskforce to explore CBDC
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21 April, 2021

Bank of England establishes taskforce to explore CBDC

The taskforce will coordinate exploration of the objectives, use cases, opportunities and risks of a potential CBDC, as well as...
Bank of England: Banks have to adjust to digital currencies
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18 November, 2020

Bank of England: Banks have to adjust to digital currencies

The Bank of England will not protect commercial banks against the impact of digital currencies, according to deputy governor Sir...
UK drafts plan to regulate stablecoins, research CBDC
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12 November, 2020

UK drafts plan to regulate stablecoins, research CBDC

The U.K. Treasury said it was working on proposals for a new regulatory structure for stablecoins and other digital currencies.
Bank of England develops infrastructure for digital pound
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4 August, 2020

Bank of England develops infrastructure for digital pound

The facility to support CBDCs is being developed as a “bolt-on” should the bank decide to roll out a digital...
UK plans for digital currency ‘under review’: central bank
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16 July, 2020

UK plans for digital currency ‘under review’: central bank

The United Kingdom is working on plans that could lead to a digital currency, with the likelihood of adoption in...
Bank of England asserts private digital currencies are viable as CBDCs
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9 April, 2020

Bank of England asserts private digital currencies are viable as CBDCs

Should central banks ultimately introduce digital currencies, they could be launched with the help of private companies.
Bank of England chief warns of CBDC ‘challenges’ on fiat money
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13 March, 2020

Bank of England chief warns of CBDC ‘challenges’ on fiat money

Outgoing Gov. Mark Carney addressed the so-called risks posed by central bank digital currencies.
Bank of England official: Tech firms may beat central banks on digital currency
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26 February, 2020

Bank of England official: Tech firms may beat central banks on digital currency

Sarah John urged reserve banks to move more quickly towards developing and deploying crypto payment solutions..