Bank of England Deputy Governor Sir Jon Cunliffe says that stablecoins have a critical role to play in the tokenization of money. In a new speech on the future of money, Cunliffe predicts that stablecoins are going to see widespread adoption for a variety of different uses. “The emergence in the world of crypto assets […]
The post Stablecoins at the Forefront of Developments in Tokenization of Money, Says Bank of England Deputy Governor appeared first on The Daily Hodl.
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrency is getting closer to posing a threat to global financial stability due to the sector’s rapid growth. Crypto is also being integrated into the traditional financial system at a rapid rate. He urges regulators to take action now. Bank of […]
Bank of England Deputy Governor Jon Cunliffe believes that cryptocurrencies are not big enough to pose financial stability risk. “They’re not of the size that they would cause financial stability risk, and they’re not connected deeply into the standing financial system,” said the deputy governor. Crypto Poses No Financial Stability Risk, Says Deputy Governor of […]
Her Majesty’s Treasury and the Bank of England have revealed the establishment of a central bank digital currency (CBDC) taskforce. According to the announcement, the group’s purpose aims to explore a potential UK CBDC. UK Entities Invoke a CBDC Taskforce to Explore a Central Bank-Issued Digital Currency Central bank digital currencies (CBDCs) have been popping […]