All the updated news related to digital currency

All the news related to digital currency updated in real time

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UK digital currency ‘likely to be needed’, say Treasury and Bank of England

A state-backed “digital pound” could be launched later this decade as the Bank of England and Treasury set out a road map to potentially introduce a new central bank currency. The Bank and the Government will formally start a consultation for the ...

06 Feb 2023 at 22:30

City

Cryptocurrencies a ‘fundamental issue’ for Bank of England, official says

The Bank of England’s deputy governor said stablecoins may need the same regulation as traditional payments in order to prevent threats to Britain’s financial stability. Sir Jon Cunliffe said new currencies and ways of paying for things are ...

17 Apr 2023 at 15:41

Britons would initially be limited to £20,000 of digital pound – Bank of England

Britons would be limited to holding a maximum of £20,000 of digital currency if the Bank of England and Treasury push ahead with proposals for a digital pound, the Bank’s deputy governor has said. The Government said late on Monday that ...

07 Feb 2023 at 17:05

Digital pound launch undecided amid privacy concerns, says Bank of England

The Bank of England and the Government have said they have not yet decided whether to launch a digital pound after months of gathering feedback from about 50,000 responses. The Bank and the Treasury launched a consultation in February ...

25 Jan 2024 at 13:14

Computer scientist behind false Bitcoin founder claim sentenced for contempt

Computer scientist Dr Craig Wright, who falsely claimed to be the founder of Bitcoin, has been sentenced to 12 months in prison, suspended for two years, for contempt of court after breaching a High Court order. Dr Wright lost a ...

19 Dec 2024 at 16:35

City

What is cryptocurrency, how does it work – and what’s the point?

Cryptocurrency has been around for more than 15 years, and there is more than £1.8 trillion-worth of the stuff floating around on the internet. Yet for all the tales of rows and riches that have engulfed crypto in recent years, ...

28 Oct 2024 at 15:53

Benefits of ‘digital pound’ unclear but Government should keep exploring – MPs

The benefits of a so-called digital pound are still unclear and if it is launched there must be systems in place to protect cash access and privacy, a group of MPs has said. The Treasury Select Committee said that the Bank of ...

02 Dec 2023 at 00:01

City

De La Rue cheers half-year earnings after currency demand rebound

Banknote printer De La Rue has hailed a better-than-expected first half and revealed a more than doubling of its currency order book since September on a recovery in global demand. The Basingstoke-based group, which prints ...

19 Dec 2023 at 09:21

Personal Finance

New frontier for payments could be created, Bank of England boss tells MPs

New technologies could help to open up a “new frontier” for payments and the way in which money is used, a Bank of England boss has told MPs. Sir Jon Cunliffe, deputy governor for financial stability at the Bank of ...

28 Feb 2023 at 12:59

Computer scientist behind false Bitcoin founder claim facing contempt case

A computer scientist who falsely claimed to be the founder of Bitcoin should be jailed for contempt of court after launching a legal claim for more than £900 billion in breach of a court order, the High Court has ...

18 Dec 2024 at 12:44

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