The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the “only game in town” as commercial banks lack the incentive to push for innovation.
The Bank of England and the BIS Innovation Hub have developed a system that gives supervisors near real time data about stablecoins’ liabilities and their reserve assets.
The Financial Conduct Authority has bulked up its crypto staffing as it takes on new challenges in the digital asset space.
ClearBank announced it has been selected by Poundtoken to provide banking services, allowing it to hold its fiat-backed stablecoin reserves at the Bank of England.
Wholesale, not retail, CBDCs more likely to be issued in near-term according to the Bank for International Settlements – BIS.
Deutsche Bank is expanding its use of blockchain.
Not too many surprises here in key roles that are hard to fill.
U.S. banks are undertaking a blockchain experiment.
This is not surprising given the current political environment in the US at the moment.
The fact that he does not have a clue what it is probably explains his stance.
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