#bank of england
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The Pros and Cons of 'Britcoin': UK's CBDC in the Spotlight
The Bank of England, together with the UK's Treasury, is actively deliberating the risks and advantages of introducing a Central Bank Digital Currency, dubbed Britcoin. Their focus is on its potential economic impact and benefits for UK citizens. UK Treasury is looking for a cryptohead!
They announced a new job on LinkedIn: “Head of Central Bank Digital Currency.”
"The successful candidate will be responsible for leadership of HM Treasury’s work on a potential digital pound – a U.K. central bank digital currency (CBDC)," reads the post.
The Bank of England (BoE) had previously stated that the FTX collapse proved the need for a digital pound. Commercial English Banks Could Be Denied Access to CBDCs
Andrew Bailey, the Governor of the Bank of England, recently spoke in Washington about the challenges facing the financial system, as well as potential solutions and the overall state of the economy. During his speech, he also discussed topics such as cryptocurrencies, stablecoins, and CBDCs. The Bank of England insists on strict crypto regulations
In its latest report, published on July 5, the Bank of England notes the deterioration of global economic conditions and the cloudy prospects for its own economy. Focusing on the extreme volatility of the cryptocurrency market, the BoE insists on stricter regulation of digital assets. 1 - 6 of 6 results