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CATEGORY: britcoin

BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’
Author: Cointelegraph By Derek Andersen
United States
Source: Cointelegraph.com News
Jul 11, 2023 12:00

BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’

A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money.

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UK Finance: Digital Pound Holdings Should Be Limited to £5,000 to Avoid Panic
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jul 04, 2023 01:20

UK Finance: Digital Pound Holdings Should Be Limited to £5,000 to Avoid Panic

U.K. Finance, one of the largest finance membership organizations in the U.K., has issued its recommendations to the Bank of England regarding the issuance of a digital pound. The organization stated that individual holdings of the proposed central bank digital currency (CBDC) should be capped at £5,000 ($6350) to avoid panic and deposit flight. U.K.

The post UK Finance: Digital Pound Holdings Should Be Limited to £5,000 to Avoid Panic appeared first on BTC Ethereum Crypto Currency Blog.

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