UK Treasury fears retail digital pound would cause bank run due to easy access
Committee worried ability to quickly switch large bank deposits into digital pounds during market turmoil would be bad for banks.
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Committee worried ability to quickly switch large bank deposits into digital pounds during market turmoil would be bad for banks.
Oluwapelumi Adejumo 3 min read
Lawmakers urged the Bank of England and H.M. Treasury to thoroughly consider data privacy and financial stability issues before implementing a CBDC.
Microsoft's largest UK investment to date will focus on AI expansion, workforce development, and cybersecurity.
Amidst falling revenue, Robinhood sets its sights on international growth with its UK brokerage launch and plans for EU crypto trading.
UK Treasury tightens grip on crypto taxes with new compliance mandates for unpaid taxes.
The UK intends to adopt tokenization in phases, with the initial stage allowing FCA authorized funds to implement the technology to improve efficiency, transparency, and competitiveness.
Tether's financial management practices has faced scrutiny from the authorities.
The exchange said its decision was tied to the Travel Rule regulations.
The authorities' proposal is intended to ensure the safety of UK consumers and businesses participating in stablecoins transactions.