cryptonews: The Bank of England has been accused of taking an 'ambivalent and half-hearted' approach to the creation of a central bank digital currency. 🇬🇧
The Bank of England has been accused of taking an "ambivalent and half-hearted" approach to the creation of a central bank digital currency.
Nonetheless, he pushed back on the idea that the Bank of England was being ambivalent in its examination of a CBDC — and argued that the phrase "likely to be needed" was quite forward leaning, and showed that a so-called "Britcoin" was now seen as more likely. He went on to warn that "likely doesn't mean certain" — and there are still circumstances that could see the Bank of England and the Treasury rule out a digital pound altogether.Sir Jon admitted that the Bank of England currently lacks the technical wherewithal to launch a central bank digital currency — but it's hoped that this will be fixed soon.
Sir Jon replied by saying that he wasn't convinced that the U.K. currently has one of the advanced payments systems in the world — and insisted that a CBDC could have huge benefits for the economy and society.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bank of England has no tech skills to issue CBDC yet: Deputy governorThe United Kingdom is not ready to issue a digital pound just yet as the Bank of England doesn’t have enough technical expertise at the moment, according to a deputy governor.
Weiterlesen »
Trio of banks to pay $1.34 billion settlement to Stanford Ponzi scheme victimsToronto-Dominion Bank, HSBC and Independent Bank (formerly Bank of Houston), have agreed...
Weiterlesen »
Wholesale digital pound is a question of how, not when, says Bank of EnglandWhile a retail digital pound is a hot topic of crypto discussion in the UK, wholesale solutions are steadily brewing in the background.
Weiterlesen »
Anti-CBDC bill in the US, no algo stablecoins for Canada: Law Decoded, Feb. 20–27The IMF’s executive board endorsed a crypto asset policy framework that did not grant crypto assets an official currency or legal tender status.
Weiterlesen »
Brazilian Digital Real Passes Public Blockchain Pilot Test With Flying Colors – News Bitcoin NewsThe tests used the Stellar as a public interconnected blockchain and included all of the steps that a user would have to conduct for the use of a tokenized, on-chain version of the digital real.
Weiterlesen »
Idaho food bank takes ownership of old Latter-day Saint meetinghouseAn old meetinghouse for The Church of Jesus Christ of Latter-day Saints is now the home of the Idaho Falls Community Food Basket.
Weiterlesen »