Bank of England
Bitcoin Steady as BOE Hikes Rates by 50 Basis Points, 'Reverse Currency Wars' Gain Steam
The race among central banks to lift rates and support their currencies to keep inflation in check suggests the path of least resistance for risky assets is to the downside.
UK Group to Test Stablecoin Payments, Provide Data to Bank of England
The Digital FMI Consortium, a group of private-sector companies, will start a pilot scheme in October and run it for a minimum of a year.
UK Crypto Industry Welcomes New Stablecoin Rules, Awaits Guidance
A proposed bill could give U.K. regulators new powers over payments-focused crypto assets like stablecoins, but details on how the rules might be interpreted by financial watchdogs are pending.
A Growing Metaverse Poses Systemic Risks Regulators Need to Recognize, BOE Researchers Say
If the metaverse grows, households could rely more on crypto and banks and financial institutions could have greater exposure, researchers said.
Bank of England Raises Interest Rate by Most Since 1995
At 1.75%, the rate is now the highest since the start of the global financial crisis in late 2008.
UK Markets Bill Extends Banking Rules to Crypto Assets
The U.K. introduced the bill, which also addresses stablecoins, to Parliament earlier Wednesday, but lawmakers won’t take up the measure until later in the week.
Policy Makers Should Get On With Regulating Crypto, BOE’s Cunliffe Says
The Bank of England’s deputy governor said regulators should accelerate crypto rulemaking. If certain risks involving crypto can’t be managed, related activities must be stopped.
UK to Introduce Legislation on Stablecoins by August: BoE’s Cunliffe
There’s been at least a bit of delay in the framework thanks to recent resignations from Prime Minister Boris Johnson's government.
Bank of England Panel Calls for Enhanced Crypto Regulation to Limit Contagion
The loss of $2 trillion of crypto market cap over a period of months has “underscored the need for enhanced regulation,” the Financial Policy Committee said.
Recent Crypto 'Bloodbath' Is Not Necessarily Bad, Regulators Say
The downturn can help weed out shady characters and doomed ventures, a number of officials and entrepreneurs said at a forum in Zurich last week.
