The Bank of England (BOE) is re-evaluating its plans to launch a digital pound amid shifting priorities towards stablecoins and tokenized bank deposits, according to people familiar with the matter. Bloomberg reported that the BOE is urging commercial banks to redirect their efforts away from central bank digital currencies (CBDCs) ...
A former Bank of England economist, Neil Record, has criticized the central Bank's proposal for a digital pound, labelling it as an expensive and unnecessary initiative driven more by the Bank's financial interests than genuine consumer needs in an article for The Telegraph. He argues that the reasons put forth ...
The Bank of England's Prudential Regulation Authority (PRA) has directed financial firms to disclose their current and projected crypto asset exposures by March 2025. In a statement released on December 12, the PRA emphasized the importance of understanding both present and future crypto involvement to assess risks associated with the ...
