Bank of England
UK's Digital Pound Approach Should Help Manage Privacy Concerns, Experts Say
The Bank of England's recent consultation saw 50,000 responses, many welcoming the digital pound's design but sharing concerns about privacy.
Bitcoin's Price Set to End the Week Relatively Unchanged
The U.S. Federal Reserve signaled on Wednesday that easier monetary policy is likely in store for 2024. OANDA senior market analyst Craig Erlam joins "First Mover" to discuss the crypto market's reaction to Fed's potential dovish policies in the upcoming year. Plus, Erlam's reaction to interest rate updates from the European Central Bank and Bank of England.
UK and EU Push Ahead on Stablecoin Regulation; Hong Kong Approves Another Crypto Exchange
Host Megha Chaddah discusses the state of crypto in the U.K. and Europe as the Bank of England (BOE) and the Financial Conduct Authority (FCA) have published their plans to regulate stablecoins in the region. Plus, the latest on Swiss crypto bank SEBA winning an approval in Hong Kong to provide services. Those stories and other news shaping the cryptocurrency world are in this episode of "Forkast IQ."
UK Financial Watchdogs Reveal Stablecoin Regulation Proposals
Two U.K. financial watchdogs, the Bank of England (BOE) and the Financial Conduct Authority (FCA), have published their plans to regulate stablecoins. Laura Douglas, senior associate at international law firm Clifford Chance, weighs in on the move. "This is really the next stage of the U.K.'s plan to regulate stablecoins and crypto assets more generally," Douglas said. "It's something the industry has been waiting for, for quite some time."
UK Financial Watchdogs Publish Plans to Regulate Stablecoins
Big Tech companies like Meta and PayPal will be able to issue payments-focused stablecoins under the proposed rules provided they meet the criteria.
Incoming BOE Deputy Governor Highlights Crypto Risks, Cites Benefits at Parliamentary Hearing
There are benefits to crypto technology, and the digital pound could anchor digital money, Sarah Breeden said.
Bank of England Wants Digital Pound Advisers as It Moves to CBDC Design Phase
The Bank of England is recruiting academics for its central bank digital currency engagement forum and asking stakeholders for more information.
UK's Central Bank Forges Ahead With Plans for a Systemic Stablecoin Regime
The U.K. recently passed the Financial Services and Markets Act 2023 into law, which gave the BoE powers to set up a systemic stablecoin regime.
Sarah Breeden, CBDC Working Group Member, Appointed Bank of England Deputy Governor
The U.K. closed a consultation on a digital pound in June, something the bank thinks is likely needed.
Payments Platform Nuggets Working With Bank of England on Privacy Layer for Digital Pound
The BofE said in February that a digital pound was likely needed, but that it will not make a decision on issuing one until at least 2025.
