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Stablecoin Balance Sheets Can Be Supervised, BIS and UK Central Bank Project Claims

[Jul 31 3:25 PM] Project Pyxtrial is a first step towards a tool that could support supervisors and regulators in proactively detecting issues in stablecoin backing, the report said.

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.

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.

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…

Central Banks Successfully Test DLT in Linking Financial Settlement Systems

[Apr 19, 2023 1:30 AM] The experiment, called Project Meridian, shows it's possible to settle large synchronized transactions in central bank money, a report said.

Bank of England Targets 30-Strong Team for Digital Currency: Report

[Apr 9, 2023 6:34 AM] Among the positions available: Digital Pound Security Architect and Digital Pound Solutions Architect.

Silicon Valley Bank's UK branch shut down by Bank of England

[Mar 11, 2023 7:47 PM] Several U.K. venture capital firms have shown support for SVB UK stating it is a “trusted” partner and plays a "pivotal" role in supporting startups.

Bank of England’s Cunliffe Pushes for Crypto Regulation — Sees ‘Real’ Benefits for UK

[Dec 23, 2022 10:30 PM] Bank of England Deputy Governor Sir Jon Cunliffe has revealed that the British central bank is planning to step up its efforts to regulate cryptocurrency trading with new laws. “We should think about regulation before it becomes integrated…

Bank of England opens applications for 'proof of concept' CBDC wallet

[Dec 11, 2022 11:18 PM] The bank requires the wallet to execute basic features such as transacting value and requesting payments and set its budget at nearly $255,000.