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Bank of England Warns Crypto Adoption May Impact Credit Creation
2.3.2020
The Bank of England official urges regulators to prepare before stablecoins become “systemically important”
Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor
1.3.2020
In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project...
Bank of England Official: Central Banks May Lose Payments Race to Tech Companies
24.2.2020
The chief cashier of the Bank of England has warned that central banks must act quickly to prevent tech companies from dominating the digital payments sector
‘Crucial’ for Central Banks to Consider Digital Currencies: Bank of England Exec
24.2.2020
Governments need to research digital currencies so they can strike a balance with private issuers, said the BoE's chief cashier
Senior Bank of England Official Calls for Urgent Digital Fiat Action
24.2.2020
Central banks in major economies continue to change their stance on digital currency issuance, with Sarah John, the Bank of England’s chief cashier, stating that it is “so crucial” that central banks act before tech giants establish dominance in the sector.
Per British newspaper the Telegraph, John...
Speculation Undermines Crypto Prices and Utility, Says Bank of England Senior Economist
17.2.2020
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
27.1.2020
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
21.1.2020
The working group will pool research into CBDCs
The New England Venture Summit Will Be Held on December 4, 2019
22.11.2019
The New England Venture Summit connects VCs and Angels with the most innovative growth early and stages companies. Over 800 VCs, Corporate VCs, angel investors, investment bankers, and founders of venture backed, emerging, and early-stage companies will be convening at the prestigious New England...
3 Major Signs That Precede the Fall of World Reserve Currencies
24.10.2019
The story of reserve currencies is long and stretches far back into ancient times. As modern history shows, however, the average lifespan of fiat reserve assets is just around 100 years. This means that even the U.S. dollar’s period of dominance is probably nearing its end very soon...
Former Chief of Bank of England Warns World Economy is ‘Sleepwalking’ Into a New Financial Crisis
21.10.2019
Over the past months, many experts and policy-makers have voiced their concerns over the state of the world economy. In a new development, the former governor of the Bank of England, Mervyn King has stated that the global economy is heading towards a new financial meltdown. He actually used...
What Role Should Central Banks Have Launching Stablecoins Like Libra?
21.10.2019
Facebook wasn’t prepared for the backlash associated with Libra. But should central banks have a role in helping the stablecoin launch — and if so, what? #Sponsored
Bank of England Governor Carney Defends Facebook’s Libra Stablecoin
15.10.2019
Bank of England governor Mark Carney defends Facebook’s choice to create a new currency
Bank of England Drafts Out Regulatory Measures for Facebook’s Libra Cryptocurrency
11.10.2019
Facebook-led stablecoin project, Libra has managed to grab the attention of financial leaders all around the world, surprisingly, for all the negative reasons. It has been subject to backlash from regulatory authorities globally concerning its vulnerability to upset the financial scenario in...
Libra under Fire from US Politicians, But Bank of England Offers Hope
10.10.2019
Mark Zuckerberg. Source: a video screenshot, Youtube, Guardian News
Regulators on both sides of the Atlantic are taking very different approaches to Facebook’s Libra project – with American politicians hoping to strong-arm the social network and Libra partners, while British central bank officials...
Bank of England Sets Out Rules for Libra Launch in the UK
9.10.2019
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
26.9.2019
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
Going Buildless
27.8.2019
I'm in a long distance relationship. That means I’m on a plane to England every few weeks, and every time I'm on that plane, I think about how nice it would be to read some Reddit posts. What I could do is find a Reddit app that lets me cache posts for offline (I’m sure there is one out there),...
Governor of Bank of England Proposes a New Digital Currency
25.8.2019
In an important announcement which could possibly have a far-reaching impact on the cryptocurrency sphere, Mark Carney, governor of Bank of England has opined that reliance of the world on the US dollar as a primary Fiat currency is not a good indicator and could possibly spell trouble for...
UK Central Bank Governor Sees Digital Currency Displacing US Dollar as Global Reserve
23.8.2019
BOE governor Mark Carney called on Friday for the creation of a wholly digital alternative to the U.S. dollar