Bank of England

Bank of England Warns of Crypto Spillover to Mainstream Markets

The BOE says growing interest in cryptoassets by institutional investors, banks and payments operators is a concern.

News  ·  13 July 2021

Bank of England: Any UK CBDC Will Be ‘Tens of Thousands’ Times More Efficient Than Bitcoin

The fintech lead at U.K.’s central bank urged eco-conscious citizens not to “throw the blockchain baby out with the bitcoin bathwater.”

Policy & regulation  ·  17 June 2021

Stablecoins, CBDCs Don’t Present Inherent Risk to Financial Stability: Bank of England Executive Says

Christina Segal-Knowles played down concerns that the traditional banking model would be undermined.

News  ·  10 June 2021

Bank of England Releases Discussion Paper on Stablecoins, CBDC

The paper focuses on the effects of private stablecoins on the cost and availability of lending and the challenges for monetary policy.

Policy & regulation  ·  7 June 2021

Bank of England Official: It’s ‘Probable’ UK Will Launch a Digital Currency

Sir Jon Cunliffe expressed the concern that consumers may find stablecoins more attractive than bank offerings.

Policy & regulation  ·  14 May 2021

Bank of England and HM Treasury Launch Taskforce for UK CBDC

This is the first sign the Bank of England exploring the launch of a CBDC following the release of a discussion paper in March 2020.

News  ·  19 April 2021

Bank of England Official Balks at Shielding Banks Against Digital Currencies: Report

Deputy Governor Jon Cunliffe says protecting bank business models is not BoE's responsibility.

News  ·  13 November 2020

ECB’s Lagarde Has ‘Hunch’ Digital Euro Will Launch in 2-4 Years

ECB President Christine Lagarde says the impetus for a central bank digital currency could come from the need to facilitate cross-border finance.

Policy & regulation  ·  12 November 2020

Bank of England Governor Wants Global Regulations as Stablecoins Pick Up Steam

Bank of England Governor Andrew Bailey wants coordinated global regulation around stablecoins as the payment method picks up steam.

News  ·  3 September 2020

Bank of England Building Payments Network to Support a Potential Digital Pound

CoinDesk has learned the Bank of England's new settlement system is being built so it can be forwards compatible with a digital currency.

News  ·  30 July 2020

Bank of England Considering a Central Bank Digital Currency, Governor Says

The U.K.'s central bank is discussing the possibility of launching a digital currency, perhaps in several years.

News  ·  14 July 2020

Bank of England: No Compromise on Our Principles for Any Future CBDC

The Bank of England will not budge on its design principles for any future CBDC.

News  ·  12 May 2020

Private Companies Could Play Role in Digital Currency Issuance, Bank of England Says

Analysts from the U.K.'s central bank said private currencies could work alongside any future CBDC initiative if they offered real utility.

Policy & regulation  ·  7 April 2020

Digital Pound Could Present ‘Challenges’ for UK, Says Mark Carney

The outgoing governor of the Bank of England highlighted the potential risks to monetary governance if a central bank digital currency were to be launched in the U.K.

Policy & regulation  ·  12 March 2020

‘Crucial’ for Central Banks to Consider Digital Currencies: Bank of England Exec

Governments need to research digital currencies so they can strike a balance with private issuers, said the BoE's chief cashier.

Policy & regulation  ·  24 February 2020