Ledger Insights: Thursday August 17, 2023
UK accounting body ICAEW raises some novel issues about the potential impact of a digital pound CBDC on consumers
This week the Institute of Chartered Accountants in England and Wales (ICAEW)respondedto the UKsdigital pound consultation. It welcomed the consultation and acknowledged the objective of providing government money in the digital age. However, the ICAEW warns of numerous potential consequences of a central bank digital currency (CBDC). Deposit flight doesnt just impact lending Worldwide, there []
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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