Facebook's Libra cryptocurrency could be subject to the "highest standards" in global regulations, said Bank of England governor Mark Carney.
The Bank of England confirmed it is going to update its Real-Time Gross Settlement system to potentially interact with blockchain-based forms.
A Bank of England official has warned banks and other financial firms about exposure to cryptocurrency-related assets in a letter.
While the thought may disappoint cypherpunks, the first step of a transition toward a true "money of the people" will be implemented by central banks.
The Bank of England is examining how to maintain data privacy over a DLT network while still allowing a regulatory window into transactions.
The Bank of England has launched a proof of concept that will explore DLT-compatibility with its real time gross settlement service.
The U.K. government will launch new research aimed to explore the potential risks posed by cryptocurrencies, a minister has said.
A group of central bank regulators and government ministers said Sunday that cryptocurrencies don't pose a risk to global financial stability.
The head of the Bank of England has said that the institution will step up its efforts to combat cryptocurrency money laundering.
The Bank of England has dropped plans to launch its own digital currency amid concerns about its impact on the financial system.