The Bank of England Is Considering Jumping on the CBDC BandwagonThe Bank of England (BoE) has published a discussion paper, exploring the pros and cons of a potential issuance of CBDC pegged to the British pound. In the paper, BoE offers more pros than cons and pledges to hear out thoughts on the matter from the general public.
For Queen and Country and Bitcoin: How the UK Turns into Fintech AvalonBritish government seems to have seriously approached the issues of implementing fintech innovations in its operations. Speaking at London’s Digital Catapult, a government-funded think tank, Cabinet Office minister Matt Hancock stated: “We’re exploring the use of a blockchain to manage the distribution of grants. Monitoring and controlling the use of grants is incredibly complex. A […]
A Centralized Version of Bitcoin Developed for Bank of EnglandResearchers from the University College of London have developed a digital currency system resembling Bitcoin on the request from the Bank of England, the country’s central bank.
Bank of England May Use Distributed Ledger Technology To Renew UK Payment SystemMinouche Shafik, Deputy Governor, Markets & Banking Bank Of England, stated the bank considers using the distributed ledger technology in its new infrastructure.