Bank of England Warns AI Sector Bubble Could Trigger Crisis
The UK's monetary regulator has warned of increasing risks of a "sharp market correction" amid AI company overvaluation and threats to the Federal Reserve's independence.
Bank of England Warns AI Sector Bubble Could Trigger Crisis
The UK's monetary regulator has warned of increasing risks of a "sharp market correction" amid AI company overvaluation and threats to the Federal Reserve's independence.
BoE deputy governor outlines risks and benefits of cryptocurrencies
The technologies underlying cryptocurrencies have their advantages, and the digital pound could become an anchor for digital money. This was stated by the incoming Bank of England deputy governor, Sarah Breeden.
Bank of England: digital pound could run on conventional software, not blockchain
The Bank of England (BoE) digital pound may ultimately run on conventional software rather than blockchain. This was stated by Tom Matton, the head of the CBDC project.
BIS and Bank of England finish pilot on DLT-based settlements
The Bank for International Settlements (BIS) and Bank of England tested a distributed ledger technology-based platform for interbank settlements. The results of Project Meridian will help improve the regulator's RTGS system.
Bank of England envisions coexistence of CBDC and cryptocurrencies
The Bank of England's Chief Digital Officer Katy Fortune said that in the future she envisions a mixed ecosystem of various forms of money, including CBDC and stablecoins.
Bank of England Officials Outline Benefits of Cryptocurrencies for Business
The Bank of England's Deputy Governor for monetary policy, Ben Broadbent, said that new technologies such as digital assets open up profitable opportunities for business.
Bank of England flags rising systemic risks from the metaverse
Widespread uptake of crypto assets in the metaverse could pose a systemic risk to financial stability and require robust protection of consumers' rights. These conclusions were reached by Bank of England researchers Owen Lok and Teresa Kashino.
BoE outlines approach to regulating cryptocurrencies
The Bank of England (BoE) published the framework principles for shaping the regulatory and legal framework for cryptocurrencies, focusing on the future risks posed to financial stability by a new class of assets.
Bank of England moves to build regulatory framework for cryptocurrencies
The rapid growth of the cryptocurrency market without proper regulation could pose risks to financial stability, the Bank of England said.
Bank of England says retail CBDC wallet launch is ‘unlikely’.
Even if a CBDC is approved, the Bank of England does not intend to develop a wallet for retail use of the national digital currency.We use cookies to improve the quality of our service.
By using this website, you agree to the Privacy policy.