CBDC Insider: Thursday January 13, 2022
There is no convincing case for the U.K. to have a central bank digital currency (CBDC), a House of Lords committee has concluded. The Economic Affairs Committee of the U.K.s upper house set up the enquiry in September to explore how a CBDC might affect the role of the Bank of England, monetary policy and []
There is “no convincing case” for the U.K. to have a central bank digital currency (CBDC), a House of Lords committee has concluded. The Economic Affairs Committee of the U.K.’s upper house set up the enquiry in September to explore how a CBDC might affect the role of the Bank of England, monetary policy and […]
The post House of Lords Committee Sees ‘No Convincing Case’ for UK CBDC appeared first on The Central Bank Digital Currency Insider.
CoinGeek: Wednesday November 06, 2024
At the Group of Thirty's 39th Annual International Banking Seminar, BoE Governor Andrew Bailey emphasized the need to modernize payment systems, particularly cross-border and wholesale payments.
CBDC
PYMNTS: Monday October 28, 2024
If commercial banks dont provide retail payments innovation, central banks should be prepared to offer a retail central bank digital currency (CBDC),
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Finextra: Monday October 28, 2024
The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the "only game in town" as commercial banks lack the incentive to push for innovation.
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Bitcoin News: Monday October 28, 2024
The Bank of England cautions it could deploy a digital currency if commercial banks falter, signaling a potential upheaval in the future of money.
CBDC
CryptoSlate: Sunday October 27, 2024
Bank of England Governor Andrew Bailey believes there is a good case for wholesale CBDCs but is more cautious of retail CBDCs.
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OMFIF (the Official Monetary and Financial Institutions Forum): Wednesday October 02, 2024
The Bank of England is currently in the design phase for a potential UK retail central bank digital currency: the digital pound.
Digital Pound