You Searched For "britcoin" and got 19 results
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1 min read
The Bank of England said 20% of commercial banking deposits could shift to 'Britcoin' - and dismissed stablecoins as an alternative
Governor Andrew Bailey said central bankers face a choice between regulating stablecoins and introd…
George Glover
2 mins read
Bank of England official says Britcoin CBDC launch is 'probable'
Cunliffe clarified the BoE will continue to make physical cash available, especially for the 1.2 mi…
Isabelle Lee
2 mins read
The UK will explore a Bank of England-backed cryptocurrency called 'Britcoin'
A new task force was launched to explore a central bank digital currency, which is envisioned to ex…
Isabelle Lee
2 mins read
'Britcoin' moves closer to becoming reality after the Bank of England says it will launch a consultation on the digital pound in 2022
The UK central bank is asking for views on the merits of it issuing its own digital currency, which…
Camomile Shumba
2 mins read
A 'Britcoin' would carry financial stability and security challenges and there's 'no convincing case' for one, says House of Lords report
The report from Parliament's upper chamber arrives as the Bank of England explores introducing a di…
Carla Mozée
3 mins read
'Britcoin' may soon be a reality after the Bank of England says it is looking more deeply into a digital pound
There's no decision yet, but the Bank of England's modellers assume one-fifth of all UK retail bank…
Amanda Cooper
1 min read
The UK reportedly is finalizing plans to regulate the crypto industry in the wake of FTX's collapse
If approved, the UK's Financial Conduct Authority will have new powers to oversee the crypto indust…
Carla Mozée
1 min read
PayPal and Visa are among the companies that will help the Bank of England work on a UK digital currency
Two forums will help the BoE and the UK Treasury department understand the technological and practi…
Carla Mozée
2 mins read
Ripple, Avalanche join independent group to support the development of a digital UK pound
The Digital Pound Foundation will run 'hands-on' exploratory projects aimed to help roll out a digi…
Carla Mozée
2 mins read
Bitcoin is getting closer to posing a risk to financial stability, the Bank of England's deputy governor warns
Because cryptos are growing very fast, they are becoming more integrated with the financial system,…
Camomile Shumba
3 mins read
10 things before the opening bell
The debate over cryptocurrency continues, and new deals within the digital asset space make a splas…
Phil Rosen
2 mins read
Boston Fed president Eric Rosengren says more research is needed before the US launches a central bank digital currency
While the central bank acknowledges the advantages of CBDCs, the Fed's Eric Rosengren said they can…
Isabelle Lee
2 mins read
The use of central bank digital currencies would fuel demand for other crypto assets, study shows
People would become more comfortable using digital currencies if they were established by central b…
Carla Mozée
2 mins read
Norway, the world's most cashless country, is testing a central bank digital currency after 4 years of research
After four years of research, the central bank will proceed with technical testing of a CBDC, which…
Isabelle Lee
2 mins read
A non-profit will launch 5 pilot programs over the next year to test the viability of a central bank digital currency in the US
The initiative - backed by Accenture - was launched last year to look into potential advantages of …
Isabelle Lee
2 mins read
A digital dollar could speed up benefit payments and aid 'underbanked" Americans, says Fed Governor Lael Brainard
A CBDC could provide a foundation on which private-sector competition could flourish, says Fed Gove…
Carla Mozée
2 mins read
HSBC CEO reportedly says the bank will not expand its businesses into bitcoin, citing volatility in the cryptocurrency
"Given the volatility, we are not into bitcoin as an asset class," CEO Noel Quinn told Reuters. He …
Isabelle Lee
3 mins read
The Fed is advancing its efforts to develop a digital currency - and says it will publish a research report this summer
Fed Chair Jerome Powell highlighted how technological advancements have enabled the bank to develop…
Isabelle Lee
5 mins read
Central banks aren't running scared of bitcoin but they want to keep control, says former Bank of England digital guru
Huw van Steenis, senior advisor to the chief executive of UBS, punctures some central bank digital …