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PortuguêsFinance minister Jeremy Hunt says the digital pound, or “Britcoin” would be issued and backed by the Bank of England, but won’t negate the use of cash. The Bank of…
Continue ReadingThe Bank of England (BoE) and UK Treasury are set to back the development of the British central bank digital currency (CBDC), popularly known as “Britcoin” or “digital pound.” The…
Continue ReadingThe digital pound roadmap is reportedly set to be introduced next week, along with a joint public consultation. The Bank of England (BoE) and Treasury believes the United Kingdom is…
Continue Reading2023 is off to a rough start, with crypto business bankruptcies, inflation, and recession impacting markets and looming darker on the horizon. Rich Dad Poor Dad author Robert Kiyosaki says…
Continue ReadingThe status of the Venezuelan gold currently being held by the Bank of England might fall into regulatory limbo after the dissolution of the interim government of Juan Guaido. The…
Continue ReadingBank 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…
Continue ReadingThe bank requires the wallet to execute basic features such as transacting value and requesting payments and set its budget at nearly $255,000. The Bank of England (BOE) is seeking…
Continue ReadingThe regulatory amendments will broaden the powers of the country’s financial regulator and put the crypto industry under tighter scrutiny. Despite the Conservative Party’s rhetorical embracement of crypto under the…
Continue ReadingBank of England’s deputy governor for financial stability, Sir Jon Cunliffe, says the collapse of cryptocurrency exchange FTX has highlighted the urgent need for tighter crypto regulation. “We should not…
Continue ReadingBlockchain technologies can bring improvements to finance, given a regulatory framework, and links between DeFi and TradFi are being rapidly cemented already, Cunliffe said. Bank of England Deputy Governor Jon…
Continue ReadingOn Nov. 3, 2022, the Bank of England followed the U.S. Federal Reserve by codifying the eighth consecutive benchmark bank rate hike by 75 basis points (bps). The increase brings…
Continue ReadingThe Bank of England is trying to bring soaring inflation under control by dramatically increasing the cost of borrowing money. Desperate times call for desperate measures. The Bank of England,…
Continue ReadingThe British Bitcoin community wades in on the latest inflation print, which once again hit the double digits in the United Kingdom. Prices in the United Kingdom continue to rise,…
Continue ReadingAfter the British pound sterling tapped an all-time low against the U.S. dollar on September 26, the Bank of England (BOE) said it would halt its monetary tightening policy and…
Continue ReadingThe Bank of England is the first to pivot back to quantitative easing, claiming to restore market functioning and reduce risks of contagion. “Fed Watch” is a macro podcast, true…
Continue ReadingFollowing the extremely volatile European markets during the past few days and the euro and pound dropping rapidly against the U.S. dollar, the Bank of England has decided to intervene…
Continue ReadingThe world’s oldest fiat currency, the British pound sterling, slid to an all-time low against the U.S. dollar at a little after 1 a.m. (ET) Monday morning. At the time,…
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