The Bank of England estimates that 20% of retail and consumer deposits could potentially move toward CBDCs.
Category: Andrew Bailey
Bank of England Boss Pledges ‘Tough Love’ in Cryptocurrency RegulationBank of England Boss Pledges ‘Tough Love’ in Cryptocurrency Regulation
Bank of England Governor Andrew Bailey says there will be an element of “tough love” in regulating cryptocurrency. “What we cannot have is a world where innovation gets a free
Bank of England Governor Bailey Says Cryptocurrencies Are ‘Dangerous’Bank of England Governor Bailey Says Cryptocurrencies Are ‘Dangerous’
Known for his reluctant stance on decentralized money, the Governor of Bank of England (BOA), Andrew Bailey, has recently taken his anti-crypto rhetoric up a notch. Speaking at a meeting
ECB Chief Lagarde: Cryptocurrencies Prone to Money Laundering, No Intrinsic Value, Buy if Prepared to Lose all MoneyECB Chief Lagarde: Cryptocurrencies Prone to Money Laundering, No Intrinsic Value, Buy if Prepared to Lose all Money
The president of the European Central Bank (ECB), Christine Lagarde, warned that cryptocurrencies are prone to money laundering. She agrees with the governor of the Bank of England, Andrew Bailey,