BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’
Andrew Bailey, a Bank of England (BOE) governor, delivered a speech July 10 in which he moved smoothly from the central bank’s efforts to control inflation and maintain public trust in financial institutions to why cryptocurrencies are not money. Instead of cryptocurrencies and st ...
‘Britcoin’ launch inches closer after Project Rosalind CBDC tests
The Bank of England (BoE) is a step closer to launching its central bank digital currency (CBDC) dubbed “Britcoin” following the conclusion of a trial study called Project Rosalind.The Bank for International Settlements and the BoE launched the joint experiment in July 2022 to ...
Bank of England Governor Discusses Prospects for Central Bank Digital Currencies and Stablecoins
Bank of England Governor, Andrew Bailey, has emphasized the importance of creating a clear legal framework for central bank digital currencies and stablecoins. Bailey stated that central bank digital currencies will become a significant part of the financial system, but they should not replace tr ...