Former Bank of England governor Mark Carney believes millennials should explore for sustainable options. In recent months, millennials and retail investors led the U.S. stock market to surge. The Dow Jones increased by 2.05% in a single session on...
The Bank of England (BoE) has dug its heels in and said it won’t be told what to do by any tech providers about what is and isn’t possible when designing a future central bank digital currency (CBDC). Speaking...
The outgoing governor of the Bank of England (BoE) has highlighted the potential risks to monetary governance if a central bank digital currency were to be launched in the U.K. In a foreword to a BoE working paper on...
The incoming Governor of the Bank of England has once again said that Bitcoin buyers should be prepared to lose everything they invest. Andrew Bailey, formerly the chair of the FCA, says that the digital asset lacks “intrinsic value”....
The Bank of England’s (BoE) chief cashier, Sarah John, said it is “crucial” central banks research digital currencies so they can strike a balance with private issuers. John said it was “really important” BoE and other central banks considered...
Speculation creates congestion on the blockchain that harms a cryptocurrency’s utility and overall value, a senior economist at the Bank of England (BoE) has said. Peter Zimmerman, who has been a senior economist at the U.K. central bank since...
Financial stability was a key factor in the Bank of England’s decision to hold stablecoin payment systems to the same regulatory standards as existing payment chains. That’s because stablecoins may seek to operate outside of the existing financial infrastructure...
Six central banks have formed a working group with the Bank of International Settlements (BIS) to share findings as each investigates potential cases for central bank digital currencies (CBDCs). The group will be comprised of the central banks of...
The Bank of England has finalized a set of principles the Facebook-led Libra cryptocurrency project must adopt before going live in the UK. Calling the payment network a potentially “systemically important payment system,” the BoE’s Financial Policy Committee released...
A former official from the U.S. Federal Reserve has responded to a proposal from the chief of the Bank of England that a cryptocurrency could be more beneficial in intentional markets than the U.S. dollar. Bloomberg wrote on Wednesday...