UK Finance sifts through commercial implications of Britcoin

The Bank of England (the Bank) and HM Treasury are currently considering whether the introduction of a UK retail central bank digital currency (CBDC) would be beneficial for the UK economy and the continued integrity of pound sterling in light of increasing use of digital money.

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Bank of Englands vision for the digital pound differs from Chinas model

The BoE proposes involving the use of retail banks and private payment providers as the "interface" for the digital pound.

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BOE Publishes Primer Explaining Plans for Possible CBDC

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Bank of England Executive Says Digital Currencies Could Impact Banks

The executive director for markets at the Bank of England is of the opinion that digital currencies could impact central banks balance sheets. Andrew Hauser delivered his speech at the Federal Reserve Bank of New York on the 1st of June. According to the executive, systemic central bank digital currencies (CBDCs) and stablecoins are capable []

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No Redline Argument Against CBDC, Says BoE Official

The Bank of Englands executive director for markets Andrew Hauser acknowledged that a CBDC would be compatible with the central banks operations. He added that it would also be the first new type of central bank liability in centuries. The dog may be old, but it can still perform new tricks, Hauser said ahead of []

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Fireblocks Hires Former Head of Fintech from Bank of England As Director of CBDC

Fireblocks, which claims to be the industry leader focused on digital asset and crypto technology, announced that it has appointed the former Head of Fintech at the Bank of England, Varun Paul, as its new Central Banking Digital Currency (CBDC) and Market Infrastructure Director...

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