Bank of England to Regulate Stablecoins, Mulling Plans to Launch CBDC

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BOE Issues Paper Exploring New Forms of Digital Money

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Bank of England launches discussion paper on digital money

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Bank of England Explores Digital Money, CBDC in New Discussion Paper

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Digital currencies pose threat to economy, warns Bank of England

Simon Youel, the head of policy and advocacy at the campaign group Positive Money, said: “With the decline of cash and emergence of private digital currencies, we urgently need a new form of public money in the form of a central bank digital currency, to ensure that we aren’t surrendering the future of money to unaccountable private interests.

“A central bank digital currency would open up access to our central bank to everyone, taking away the unique privileges enjoyed by private banks, and ending our reliance on them to manage our money and make payments.”

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Switch to Britcoin risks higher rates on loans, Bank of England fears

The Bank of England is exploring whether it should create its own central bank digital currency, already unofficially dubbed 'Britcoin', in the UK, which would be linked to the value of the pound.

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