Tag: Bank of England
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Bank of England Balances Competing Visions for Digital Money Revolution
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The Bank of England (BoE) is standing at a pivotal moment in the global shift toward digital finance, a transition defined by competing visions of how money itself should evolve. On one side are advocates for central bank digital currencies (CBDCs), who argue that a digital pound is vital to safeguard monetary sovereignty and maintain…
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UK Crypto Groups Push Back Against Bank of England’s Stablecoin Limits
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The Bank of England’s proposal to cap individual holdings of stablecoins has drawn sharp criticism from UK crypto and payments industry groups, who warn that the move would be costly, impractical, and could undermine the country’s position in global digital finance. The Bank’s Proposal In November 2023, the Bank of England (BoE) published a discussion…