Key Takeaways: BoE Governor Andrew Bailey said the definition of a reserve currency is shifting, now centered on liquidity and safety rather than convertibility. He warned that stablecoins could weaken monetary trust if widely adopted outside regulatory frameworks. Bailey called on central banks to reassess their role amid payment innovation and cross-border liquidity risks. Bank […]
Key Takeaways: BOE Governor Andrew Bailey said he is not convinced of the need for a retail digital pound. Bailey affirmed progress on a wholesale CBDC for institutional use. Bailey also questioned whether the tight regulation of banks has increased systemic risk elsewhere. Bank of England Governor Andrew Bailey raised fresh doubts about the need
BOE Governor’s Skepticism Threatens Digital Pound Timeline Amid Global CBDC Race Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Nigel Farage, a British politician and leader of Reform UK, a right-wing political party has outlined a crypto-friendly comprehensive plan to position the United Kingdom as a global leader in digital finance should his Reform party win the next general election. Speaking
Bitcoin in the Bank of England, Tax Cuts for Traders Read More »
Bitcoin Magazine UK Treasury Secretary Says No To National Bitcoin Reserve Speaking at the Financial Times Digital Asset Summit in London on Tuesday, Emma Reynolds, Economic Secretary to the Treasury, emphasized that while the UK aims to become a crypto hub, it will take a different approach from both the U.S. and EU in regulating
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