2023-10-27 20:14 |
Sir Jon Cunliffe looks at payment solutions of the past and future in his last speech as deputy governor of the BOE.
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Bank of England Governor Mark Carney has thrown his weight behind Facebook’s global cryptocurrency project dubbed Libra. The has opined that blockchain-based virtual currencies have the power tix the challenges associated with traditional payments systems, reports The Star on October 15, 2019.
2019-10-17 01:00 | |
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The U.K. government published plans for regulating crypto last week.
The Bank of England has also started recruiting for its central bank digital currency engagement forum.
The U.K. closed a consultation on a digital pound in June, something the bank thinks is likely needed.
A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money.
The digital pound roadmap is reportedly set to be introduced next week, along with a joint public consultation.
According to Jon Cunliffe, regulators needed to accelerate efforts to find a place for crypto in current frameworks based on the principle of "same risk, same regulatory outcome."