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

[Jul 31, 2024 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…

Bitcoin ETFs Can Boost ‘Overall Reputation of Certain Cryptocurrencies’ — Brighty App Co-Founder

[Jul 16, 2023 2:00 AM] According to Nikolay Denisenko, the co-founder and CTO of the financial and earning application Brighty App, the digital version of the pound sterling can be a bridge that enables “easy conversions between different types of crypto…

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.

UK Finance: Digital Pound Holdings Should Be Limited to £5,000 to Avoid Panic

[Jul 4, 2023 2:00 AM] U.K. Finance, one of the largest finance membership organizations in the U.K., has issued its recommendations to the Bank of England regarding the issuance of a digital pound. The organization stated that individual holdings of the proposed central…

‘Britcoin’ launch inches closer after Project Rosalind CBDC tests

[Jun 18, 2023 11:29 PM] A major study between the BIS and the U.K. central bank found a retail CBDC could make peer-to-peer payments cheaper and easier.

UK may have crypto regulation within a year, says senior minister

[Apr 18, 2023 8:23 PM] The lawmaker said the regulation will need to be both “pragmatic” and “proportionate” to ensure economic growth is maximized.

Bank of England thinks digital pound can co-exist with private stablecoins

[Feb 7, 2023 9:24 PM] The central bank wants an e-GBP to be retail-focused and could form part of a "mixed payments economy" alongside cryptocurrency stablecoins.