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-foc

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 digita

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

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 te