The BoE has recently taken greater steps towards the rollout of a central bank digital currency.
England’s central bank moves ahead with CBDC with 7 job postings
The Bank of England’s CBDC-related job listings range from solution architect to senior manager.
UK government establishes central bank digital currency task force
The United Kingdom is the latest country to begin exploring the possibility of creating a central bank digital currency.
Bank of England Official Balks at Shielding Banks Against Digital Currencies: Report
Deputy Governor Jon Cunliffe says protecting bank business models is not BoE’s responsibility.
ECB’s Lagarde Has ‘Hunch’ Digital Euro Will Launch in 2-4 Years
ECB President Christine Lagarde says the impetus for a central bank digital currency could come from the need to facilitate cross-border finance.
Bank of England Governor Wants Global Regulations as Stablecoins Pick Up Steam
Bank of England governor Andrew Bailey wants coordinated global regulation around stablecoins as the payment method picks up steam.
Bank of England Building Payments Network to Support a Potential Digital Pound
CoinDesk understands the Bank of England’s new settlement system is being built so it can be forwards compatible with a digital currency.
Bank of England Considering a Central Bank Digital Currency, Governor Says
The U.K.’s central bank is discussing the possibility of launching a digital currency, perhaps in several years.
Bank of England: No Compromise on Our Principles for Any Future CBDC
The Bank of England will not budge on its design principles for any future CBDC.
Private Companies Could Play Role in CBDC Issuance, Bank of England Says
Analysts from the U.K.’s central bank said private currencies could work alongside any future CBDC initiative if they offered real utility.
Digital Pound Could Present ‘Challenges’ for UK, Says Mark Carney
The outgoing governor of the Bank of England highlighted the potential risks to monetary governance if a central bank digital currency were to be launched in the U.K.
‘Crucial’ for Central Banks to Consider Digital Currencies: Bank of England Exec
Governments need to research digital currencies so they can strike a balance with private issuers, said the BoE’s chief cashier.
Speculation Undermines Crypto Prices and Utility, Says Bank of England Senior Economist
Speculation clogs up blockchains, making them harder to use and ultimately less valuable, a working paper suggests.
Bank of England’s Stablecoin Ruling Targets Financial Stability, Exec Says
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.
Bank of England’s Stablecoin Ruling Targets Financial Stability, Exec Says
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.
6 Central Banks Form Digital Currency Use Case Working Group
The working group will pool research into CBDCs.
Bank of England Sets Out Rules for Libra Launch in the UK
The central bank has finalized principles the Facebook-led cryptocurrency project must adopt before a U.K. launch.
‘No Argument’ for Replacing Dollar’s Global Role With Crypto: Ex-Fed Official
The ex-official pushed back at a suggestion from the chief of the Bank of England that a Libra-like crypto should replace USD in global markets.
Facebook’s Libra Could Meet ‘Highest Standards’ in Regulation: BoE Governor
Facebook’s Libra cryptocurrency could be subject to the “highest standards” in global regulations, said Bank of England governor Mark Carney.
UK Central Bank Says New Payments System Will Be Blockchain Friendly
The Bank of England confirmed it is going to update its Real-Time Gross Settlement system to potentially interact with blockchain-based forms.