Deflecting Blame — Bank of England Governor Bailey Accuses UK Retailers of Overcharging Customers
After the Covid-19 pandemic, many individuals imagine the implementation of in depth stimulus measures and quantitative easing (QE) insurance policies resulted in an awesome surge...
Stablecoins Cannot Function as Money Because They Have No ‘Assured Value’ — Bank of England Governor
Andrew Bailey, the governor of the Bank of England, has asserted that stablecoins “will need to have the characteristics of, and be regulated as, inside...
Bank of England Hikes Repo Rate by 75bps — UK’s 30-Year Fixed Mortgage Rate Jumps to 7%
On Nov. 3, 2022, the Bank of England adopted the U.S. Federal Reserve by codifying the eighth consecutive benchmark financial institution charge hike by 75...
Bank of England’s Cunliffe Warns Crypto Is ‘Prone to Collapse’ — Touts ‘Same Risk, Same Regulatory Outcome’
Bank of England’s deputy governor for monetary stability, Sir Jon Cunliffe, has warned that cryptocurrencies are “very weak to sentiment and liable to collapse.” He...
Bank of England: Crypto Needs Enhanced Regulatory and Law Enforcement Frameworks
The Bank of England says “excessive volatility” within the crypto market “underscores the necessity for enhanced regulatory and legislation enforcement frameworks.” The British central financial...
Bank of England Governor Says Crypto Creates ‘Opportunity for the Downright Criminal’
The governor of the Bank of England, Andrew Bailey, has warned that crypto creates an “alternative for the downright legal.” The central financial institution chief...
Bank of England Says Crypto Assets ‘Present Financial Stability Risks,’ Bank Begins Sketching Regulatory Framework
The Bank of England has revealed that it’s engaged on sketching a regulatory framework for crypto property, in keeping with statements stemming from the central...
Bank of England Hikes Bank Rate to 0.5%, Governor Andrew Bailey Hints at Wage Restraints
The Bank of England (BOE) raised the nation’s benchmark financial institution charge from 0.25% to 0.5% this week to be able to curb rampant inflation....
Bank of England Governor Worried About Bitcoin Being Legal Tender in El Salvador
The governor of the Bank of England, the nation’s central financial institution, has voiced issues about El Salvador selecting bitcoin as a nationwide foreign money....
Bank of England Governor Warns Crypto Is Providing Means of Payment for Criminals
Bank of England Governor Andrew Bailey has warned that crypto assets are providing another means of payment for people who want to conduct criminal activity....