Source: bankofengland.co.uk
The British finance ministry is moving forward with its plans to require regulators to consider the financial sector’s global competitiveness when writing rules, even after...
In today’s top Europe, Middle East and Africa (EMEA) news, if Meta thinks it can avoid tough new rules in the U.K., the social media...
The Bank of England, like many other central banks around the world, is still weighing the pros and cons of issuing a central bank digital...
It hasn’t been easy for the Bank of England (BoE) to uncover information it needs on the institutional exposure to cryptocurrency. As a result, the...
Cryptocurrency is growing fast enough that it may soon become a systemic risk to U.K. financial stability, the Bank of England warned in a report...
For central banks, there’s a long road between mulling a central bank digital currency (CBDC), defining the ramifications and launching it. It could take years,...
Bank of England Governor Andrew Bailey said surging cryptocurrency use is a boon for illicit activity, Reuters reported. “I’m afraid that the advent of digital...
Bank of England Deputy Governor Sir Jon Cunliffe is calling for the immediate regulation of cryptocurrencies, according to a Thursday (Oct. 14) report from BBC....
Both local and international regulations are needed to manage risks associated with cryptocurrencies, the Financial Policy Committee (FPC) of the Bank of England said, according...