Bank of England: No Compromise on Our Principles for Any Future CBDC
The Bank of England will not budge on its design principles for any future CBDC.
ECB President Christine Lagarde says the impetus for a central bank digital currency could come from the need to facilitate cross-border finance.
Bank of England Governor Andrew Bailey wants coordinated global regulation around stablecoins as the payment method picks up steam.
Deputy Governor Jon Cunliffe says protecting bank business models is not BoE's responsibility.
CoinDesk has learned the Bank of England's new settlement system is being built so it can be forwards compatible with a digital currency.
The U.K.'s central bank is discussing the possibility of launching a digital currency, perhaps in several years.