Bank of England


Finance

Bank of England Unveils CBDC Forum Members, Including Reps From Asos, PayPal and Spotify

The formation of two forums was announced in April to explore a potential UK CBDC that would exist alongside cash and bank deposits.

The Royal Exchange. (QQ7/Shutterstock)

Videos

Bank of England to Intervene on Digital Currency ‘Programming’

“The Hash” panel discusses the specifics, reactions, and implications for the Bank of England reportedly telling its ministers to decide whether a central bank digital currency (CBDC) should be “programmable,” allowing the issuer to control the way the recipient spends it.

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Policy

UK Parliament’s House of Lords Launches CBDC Inquiry

The deadline for responses on a possible U.K. central bank digital currency is mid-October.

U.K. Houses of Parliament (TTStudio/Shutterstock)

Markets

Bank of England Warns of Crypto Spillover to Mainstream Markets

The BOE says growing interest in cryptoassets by institutional investors, banks and payments operators is a concern.

Bank of England

Policy

Bank of England: Any UK CBDC Will Be 'Tens of Thousands' Times More Efficient Than Bitcoin

The fintech lead at U.K.’s central bank urged eco-conscious citizens not to “throw the blockchain baby out with the bitcoin bathwater.”

Bank of England

Markets

Stablecoins, CBDCs Don't Present Inherent Risk to Financial Stability: Bank of England Executive Says

Christina Segal-Knowles played down concerns that the traditional banking model would be undermined.

British pounds

Policy

Bank of England Releases Discussion Paper on Stablecoins, CBDC

The paper focuses on the effects of private stablecoins on the cost and availability of lending and the challenges for monetary policy.

The Royal Exchange. (QQ7/Shutterstock)

Videos

‘Britcoin?’ Bank of England Official Says UK Will ‘Probably’ Launch a CBDC

The U.K.’s central bank is reportedly considering launching a digital currency, called “Britcoin,” to maintain citizens’ confidence in the availability of public money. “The Hash” panel debates the utility of CBDCs and the privacy implications of central bank digital currencies.

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Policy

Bank of England Official: It's 'Probable' UK Will Launch a Digital Currency

Sir Jon Cunliffe expressed the concern that consumers may find stablecoins more attractive than bank offerings.

The Royal Exchange. (QQ7/Shutterstock)

Markets

Bank of England and HM Treasury Launch Taskforce for UK CBDC

This is the first sign the Bank of England exploring the launch of a CBDC following the release of a discussion paper in March 2020.

Bank of England