The Guardian - Bitcoin: Tuesday November 09, 2021
Rolling coverage of the latest economic and financial news
Rolling coverage of the latest economic and financial newsLatest: Consultation on UK digital currency next yearCBDC could come in second half of decadeNIESR says household incomes face painful squeezeSqueeze on household incomes to lead to a doubling of destitutionProblems will be exacerbated by BrexitEarlier:UK grocery inflation hits 14-month high, as Christmas spending starts earlyBond boosts cinema spending as consumer demand drives retail recoveryPrimark announces expansion plans and sees supply chain issuesFederal Reserve worried that prices of risky assets keep risingAssociated British Foods also points out that Brexit has exacerbated the shortage of lorry drivers in the UK, which is one cause of supply chain problems.In todays annual results, it says:Our businesses are reliant on the availability of skilled HGV drivers.Whilst there is currently a shortage of drivers in other parts of Europe, the USA and Australia, the situation has been exacerbated in the UK as a result of the EU exit. We continue to work closely with our major carriers and logistics partners to minimise supply chain disruption. Continue reading...
Britcoin CBDC
CoinGeek: Wednesday November 06, 2024
At the Group of Thirty's 39th Annual International Banking Seminar, BoE Governor Andrew Bailey emphasized the need to modernize payment systems, particularly cross-border and wholesale payments.
CBDC
PYMNTS: Monday October 28, 2024
If commercial banks dont provide retail payments innovation, central banks should be prepared to offer a retail central bank digital currency (CBDC),
CBDC Central Bank Digital Currency
Finextra: Monday October 28, 2024
The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the "only game in town" as commercial banks lack the incentive to push for innovation.
CBDC Central Bank Digital Currency
Bitcoin News: Monday October 28, 2024
The Bank of England cautions it could deploy a digital currency if commercial banks falter, signaling a potential upheaval in the future of money.
CBDC
CryptoSlate: Sunday October 27, 2024
Bank of England Governor Andrew Bailey believes there is a good case for wholesale CBDCs but is more cautious of retail CBDCs.
Britcoin CBDC Central Bank Digital Currency
OMFIF (the Official Monetary and Financial Institutions Forum): Wednesday October 02, 2024
The Bank of England is currently in the design phase for a potential UK retail central bank digital currency: the digital pound.
Digital Pound