Tag: bank of england

In a fresh development, Japanese regulators are now stepping up efforts to regulate digital currencies, especially stablecoins. In exclusive coverage, Reuters reports that the Japanese government is closely watching the sharp growth of the crypto market and remains worried about its impact on the country's financial system. Tokyo wants to engage with global financial regulators The post After U.S, Now Japan Calls for...

Bank of England’s Deputy Governor Jon Cunliffe commented on crypto’s market status, saying it is not a financial stability risk as it does not pose relevant competition to the traditional markets, yet. He agreed with and appreciated crypto’s exponential growth however he clarified that it cannot beat the regulated market and he does not see The post BoE Deputy Governor says crypto is...

The Bank of England and HM Treasury in a joint statement announced the launch of a CBDC task force that would be responsible for exploring different potential use cases for a "UK CBDC." Central Bank Digital Currency (CBDC) has become a priority for many countries in the wake of the rising popularity of digital assets The post Bank of England And HM Treasury...

Deputy Governor Jon Cunliffe says protecting bank business models is not BoE's responsibility.

ECB President Christine Lagarde says the impetus for a central bank digital currency could come from the need to facilitate cross-border finance.