Bank of England Cancels Stress Test for UK Banks, Too Afraid to Fail?
On Friday, the Bank of England (BoE) and the Prudential Regulation Authority (PRA) cancelled the 2020 stress test of eight major British banks and building societies, citing the...
Op-Ed: Why You Should Hold Bitcoin Over Government Fiat?
The Bank of England governor-designate earned himself a place in Bitcoiners’ hall of shame alongside Peter Schiff and Warren Buffett. Bitcoin has “no intrinsic...
Bank of England Adds Support for Central Bank Digital Currency
The latest voice adding to the chorus of support for a digital currency is that of Sarah John, the Bank of England’s chief cashier. She says it is “crucial” that central banks...
Bitcoin is the Ideal Safe Haven for UK Citizens Right Now
It is no secret that Bitcoin’s popularity varies based on jurisdiction. The reasons why the cryptocurrency notes greater adoption in some particular countries differ from place...
Ex-Fed Official: BoE Boss Barking Up Wrong Tree On Crypto
Going against the central bank grain Mark Carney has proposed a cryptocurrency akin to Facebook’s Libra crypto as a hedge against US dollar dominance. A former senior Federal Reserve...
BoE Governor Mark Carney Proposes Global Cryptocurrency
Governor of the Bank of England Mark Carney put forward the idea of replacing the U.S. dollar with a central bank-issued cryptocurrency like Facebook’s Libra. Carney Proposes The...
BoE Senior Advisor: Cryptocurrencies ‘Are a Threat’ But I’m Not Too Worried
Live from a snow-covered World Economic Forum in Davos, the IMF cuts the global economic growth outlook by 3.5%, the lowest in three years. Senior adviser to the Bank of England Huw...
UK Poised to Lead Cryto and Blockchain Economies, New Report Claims
A new report claims that the United Kingdom is poised to become a leader in the blockchain technology and cryptocurrency economies. ‘The huge impact it undoubtedly will have in...
BoE: Cryptocurrencies Pose ‘Reputational Risks’
The Bank of England has reportedly cautioned City bosses away from implementing cryptocurrencies into their business plans — citing all the usual reasons one has probably come to...
Mark Carney: Bank of England Open to Idea of Central Bank Issued Digital Currency
Mark Carney, the governor of the United Kingdom’s central bank – the Bank of England – spoke on a recent panel in Stockholm on the future of central banking where...
Bank of England Governor Admits ‘Cryptocurrency Not a Risk’
Bank of England’s governor, Mark Carney, held a speech at the Public Policy Forum’s Canada Growth Summit in Toronto, outlining that despite the ‘huge amount’ of illicit...
‘Central Bank Digital Currencies Could Destabilize the Global Economy’ Says Bank...
While the central banks of some countries are hoping to be a part of the virtual currency revolution, the Bank for International Settlements (BIS) is concerned about the repercussions...