Bank of England Financial News

19.09 / 16:59

Ethereum Bank of England Bitcoin Dollar Bitcoin, Ethereum crash continues as US 10-year Treasury yield surpasses June high

Bitcoin (BTC) and Ethereum's native token, Ether (ETH), started the week on a depressive note as investors braced themselves for a flurry of rate hike decisions from central banks, including the U.S. Federal Reserve and Bank of England.

12.07 / 20:25

Law regulation Bank of England BoE official compares current crypto market regulation to 'unsafe aeroplanes'

Jon Cunliffe, deputy governor for financial stability at the Bank of England, has called for a clear regulatory framework for crypto to address risks amid the recent market downturn.

11.07 / 11:57

Government Adoption Bank of England Bitcoin Crypto needs regulation to mitigate risks, says Bank of England exec

Bank of England (BoE) deputy governor for financial stability, Jon Cunliffe, recommended forming a set of regulations — similar to conventional financial systems — to tackle risks within the crypto ecosystem while improving investor confidence.

06.07 / 09:03

cryptocurrency Europe European Union Bank of England Bank of England: Crypto crashes show need for tougher rules

Bank of England warned Tuesday that recent cryptocurrency meltdowns that wiped out more then $2 trillion in value highlight the need for tougher financial regulations The U.K.'s central bank said that the crashes exposed vulnerabilities in the crypto markets reminiscent of previous bouts of financial turmoil. Extreme volatility in the crypto markets, including so-called stablecoins, resulted in «fire sales» and amplified price falls, the bank said in its latest financial stability report.

05.07 / 19:49

Law Central Bank Bank of England market volatility regulatory crypto market volatility Crypto market volatility shows need for 'enhanced regulatory and law enforcement frameworks' — BoE

The Bank of England has called for “enhanced” regulations of crypto to address potential risk to the country’s financial stability amid the market capitalization dropping more than $2 billion.

23.06 / 07:01

Adoption Bank of England Bitcoin China warns Bitcoin is heading to zero but BoE looks on the bright side

The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.”

22.04 / 06:29

Stablecoin Central Bank Bank of England Bank of England’s PRA raises budget $31M for ‘emerging risks’ like crypto

The Bank of England’s regulatory arm has raised its budget by $31.6 million (£24.3 million) for the coming financial year saying that costs have increased due to its growing responsibilities and preparations for “emerging risks in the financial system”.

26.03 / 00:29

Blockchain CBDC Bank of England MIT adds the Bank of England to its stable of CBDC digital currency research partners

The Bank of England announced Friday that it had reached an agreement with the Massachusetts Institute of Technology Media Lab Digital Currency Initiative, or DCI, on a joint twelve-month research project on Central Bank Digital Currency, or CBDC. The bank said in a statement that the new project was for research purposes only, and not intended to develop an operational CBDC.

25.03 / 08:47

regulation Report Banks Bank of England reports Bank of England and regulators assess crypto regulation in raft of new reports

The Bank of England Financial Policy Committee and other U.K. regulators are assessing crypto regulation after publishing reports on financial stability relating to cryptoassets and decentralized finance.

25.03 / 06:31

cryptocurrency Provident Boeing Bank of England regulatory Bank Of England Outlines First Regulatory Approach To Crypto

Cryptoassets are largely unregulated as they fall outside the regulatory 'perimeter'.

14.12 / 11:49

Banks Bank of England crypto market cryptoassets BoE's Bailey tells banks to be 'especially cautious' with crypto

Bank of England Governor Andrew Bailey warned banks and other regulated financial firms on Monday that they should be «especially cautious» about holding volatile cryptoassets until regulators put new rules in place. Bailey, speaking at a news conference, said future rules for cryptoassets — the BoE's preferred term for financial instruments such as bitcoin — would balance risk management with the need to support innovation and competition.

16.11 / 08:31

Adoption Banks Central Bank Bank of England Threat financial stability Financial Crypto poses imminent threat to financial stability: Bank of England Deputy Governor

Sir Jon Cunliffe, the Deputy Governor for Financial Stability at the Bank of England (BoE) crypto may pose an imminent threat to the traditional financial system.

10.11 / 00:37

CBDC regulation Bank of England UK treasury UK Treasury and central bank will consult on CBDC, potentially launching by 2030

The Bank of England and the United Kingdom finance ministry are planning to launch a consultation on the possible rollout of a central bank digital currency starting in 2022.

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