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The United Kingdom’s central bank is moving toward stablecoin regulation by publishing a consultation paper proposing a regulatory framework for the asset class.The Bank of England (BoE) on Monday released a proposed regulatory regime for sterling-denominated “systemic stablecoins,” or tokens it sai…
0807 GMT - Bitcoin recovers modestly from recent losses as investors shrug off Nvidia's underwhelming earnings report, MH Markets analyst Mohammed Taha says. Risk sentiment is bolstered by expectations that the Federal Reserve will resume interest-rate cuts soon ahead of Friday's U.S. personal consu…
Britain’s central bank is reportedly considering axing its central bank digital currency (CBDC) plans over concerns that it may not be beneficial to the bank or financial system. The Bank of England (BoE) is reconsidering its plans for a consumer-focused digital pound amid growing skepticism about i…
0838 GMT - Bitcoin eases after hitting a nearly four-month high on Monday when the Senate voted to advance landmark cryptocurrency legislation. The GENIUS Act would establish the first regulatory framework for issuers of stablecoins, which are digital assets pegged to currencies like the dollar. The…
The Bank of England may introduce a digital pound if commercial banks fail to innovate payment systems effectively. BoE integrated Ripple’s Interledger Protocol into its RTGS system to explore advanced payment technology. The Bank of England (BoE) is taking substantial steps toward potentially estab…
Bank of England warns that failure to modernize central bank money could shift wholesale settlements to private assets, potentially risking financial stability. A Bank of England executive warns that failing to adapt central bank money to emerging technologies could push…