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Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates

[Sep 1 12:30 AM] Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the…

Can Bitcoin price break out after Bank of England interest rate cut?

[Aug 1 11:31 AM] This marks the bank’s first interest rate cut in over four years, with the last rate cut occurring in March 2020.

BIS, Bank of England unveil Project Pyxtrial for stablecoin monitoring

[Jul 31 9:19 PM] The proof-of-concept showed that real-time monitoring of stablecoin reserves could be achieved with cooperation among regulators, technologists and issuers.

England’s Law Commission proposes new property category for crypto assets

[Jul 31 8:56 AM] The Law Commission’s final report advocates for legal reforms to better protect the unique features of digital assets.

Bank of England Pushes for Swift Digital Payment Solutions as Cash Usage Drops

[Jul 31 5:30 AM] The Bank of England (BOE) is urging UK banks to expedite their digital payment solutions as cash use declines. The BOE’s recent paper highlights the need for innovations that allow direct payments from bank accounts, bypassing credit and…

Bank of England to experiment with wholesale CBDC, synchronization

[Jul 30 6:47 PM] The BOE is considering applying DLT to its existing settlement system and introducing a wCBDC.

Key Interest Rate Decisions Coming This Week From Fed, BOJ, BOE

[Jul 30 4:13 PM] The Fed is expected to hold policy steady but indicate an imminent rate cut, while the Bank of England is seen easing policy and the Bank of Japan is likely to hike rates.

Bank of England to Carry Out CBDC, Digital Ledger Experiments

[Jul 30 10:58 AM] In a new discussion paper, the U.K. central bank also said it wants to ensure stablecoins are interchangeable with the pound.

India Repatriates 100 Tonnes of Gold From UK, Aims to Move More

[Jun 3 7:36 PM] According to local media reports, the Reserve Bank of India has repatriated 100 tonnes of gold that was held in the vaults of the Bank of England. The operation, carried out in special circumstances due to the quantity of gold moved, may be…

BoE regulatory 'culture shift' could open door to new tech

[May 22 6:20 AM] The Bank of England's proactive regulatory shift aims to integrate emerging technologies, highlighted by the introduction of the Digital Securities Sandbox.

UK Regulators Publish Draft Guidance on Digital Securities Sandbox Open to DLT

[Apr 3 8:42 AM] The DSS will last five years and could lead to a new regulatory regime for securities settlement.

UK’s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say

[Feb 9 4:00 AM] Crypto industry groups in the U.K. say local regulators’ proposals for supervising stablecoins need reworking.

UK's Digital Pound Approach Should Help Manage Privacy Concerns, Experts Say

[Jan 31 2:55 AM] The U.K.'s approach to handling privacy concerns posed by a digital pound should help quench concerns, according to interviews with a wide range of crypto industry legal and technical insiders.

Bank Of England Reconsiders: Potential Freeze On CBDC Launch Raises Concerns

[Jan 25 10:00 PM] On January 25, the Bank of England (BoE) and HM Treasury published a response to the Consultation Paper regarding a ‘digital pound’ issued in February of 2023.  The consultation paper sought the public’s feedback on introducing a UK central bank…

UK House of Commons recommends further CBDC tests on viability, risks

[Dec 4, 2023 1:28 AM] The U.K. Parliamentary Committee fears that an official launch will demand a significant investment, adding that “It is not clear to us at this stage whether the benefits are likely to outweigh these risks.”

UK stablecoin regulation begins to take shape in multiple FCA, BOE documents

[Nov 6, 2023 2:10 PM] It’s not expected to come into force until 2025, but new publications from the FCA and BOE shed light on regulators’ thinking.

UK Financial Watchdogs Publish Plans to Regulate Stablecoins

[Nov 6, 2023 3:27 AM] The U.K. government published plans for regulating crypto last week.

Fed, BOE officials share continuing interest in CBDCs, stablecoin regulation

[Oct 27, 2023 11:14 AM] Sir Jon Cunliffe looks at payment solutions of the past and future in his last speech as deputy governor of the BOE.

Incoming BOE Deputy Governor Highlights Crypto Risks, Cites Benefits at Parliamentary Hearing

[Sep 12, 2023 6:16 AM] There are benefits to crypto technology, and the digital pound could anchor digital money, Sarah Breeden said.

Bank of England Wants Digital Pound Advisers as It Moves to CBDC Design Phase

[Aug 9, 2023 10:53 AM] The Bank of England has also started recruiting for its central bank digital currency engagement forum.

Bank of England will get more power in regulating stablecoins

[Aug 8, 2023 5:45 AM] The United Kingdom government could rebalance the power between the Bank of England and the country’s principal financial regulator, the Financial Conduct Authority.

UK's Central Bank Forges Ahead With Plans for a Systemic Stablecoin Regime

[Aug 8, 2023 3:11 AM] The U.K. recently passed the Financial Services and Markets Act 2023 into law which gave the BoE powers to set up a systemic stablecoin regime.

Sarah Breeden, CBDC Working Group Member, Appointed Bank of England Deputy Governor

[Aug 1, 2023 10:28 AM] The U.K. closed a consultation on a digital pound in June, something the bank thinks is likely needed.

BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’

[Jul 10, 2023 3:30 PM] A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money.

Deflecting Blame — Bank of England Governor Bailey Accuses UK Retailers of Overcharging Customers

[Jul 9, 2023 8:30 AM] After the Covid-19 pandemic, many people believe the implementation of extensive stimulus measures and quantitative easing (QE) policies resulted in an overwhelming surge of inflation that has burdened millions across the globe. While certain…

Payments Platform Nuggets Working With Bank of England on Privacy Layer for Digital Pound

[Jul 5, 2023 8:00 AM] The BofE said in February that a digital pound was likely needed, but that it will not make a decision on issuing one until at least 2025.

Digital pound will be pseudonymous with a focus on privacy: BoE CBDC chief

[Jun 27, 2023 4:00 AM] The underpinning technology for the U.K.’s CBDC could use an alternative to blockchain technology.

Study Shows Bank of England’s Rising Interest Rates Threaten 1.2 Million UK Households With Insolvency

[Jun 25, 2023 5:30 AM] The Bank of England made an impactful move last Thursday, June 22, 2023, as it raised the benchmark bank rate to 5%, marking a significant 0.5 percentage point increase. This decision catapults the central bank’s rate to its highest level…

Quant Soars 20% After Partnership With Bank Of England, BIS For CBDC Project

[Jun 18, 2023 8:50 AM] The native currency of Quant, a  blockchain platform that helps financial institutions incorporate digital currencies into their businesses, on June 15 soared 20% following its partnership announcement with the Bank of England for Project Rosalind…

Central Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments

[Jun 16, 2023 3:00 AM] An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown.