Fri, October 11

Bank of England Inches Closer to Launch CBDC Soon

After a year-long examination, the Bank of England (BOE) has come to the conclusion that blockchain technology might enable a “diverse range” of new monetary applications, bringing the BOE one step closer to introducing its own digital currency. The BOE and the Bank for International Settlements (BIS) collaborated on a

June 16, 2023 2 mins read

“Stablecoins Should be Regulated,” Says Governor of BoE

Andrew Bailey, the Governor of the Bank of England (BoE) commented that the Stablecoins should be regulated just like commercial bank money and Central Bank Digital Currency (CBDC) won’t be ruled away. This is termed with respect to the country that has started exploring digital pound issuance.  Bailey said that

April 13, 2023 2 mins read

Bank of England Terms Bitcoin (BTC) as ‘Trash’!

The Bank of England terms Bitcoin (BTC) as useless and completely trashy. The bank warns people that crypto investments are risky. BTC has possibilities of dropping dead to zero on the whole. Anti-crypto movements still persist these days. True to the fact, as banks around the world are actually at

December 15, 2021 2 mins read