-0.39% Bitcoin (BTC) 21300.49 EUR
-2.12% Ethereum (ETH) 1461.82 EUR
-1.58% Litecoin (LTC) 81.06 EUR
+2.69% B-Cash (BCH) 125.71 EUR
-1.76% Ethereum (ETH) 0.0693264 BTC
-1.19% Litecoin (LTC) 0.00384608 BTC
+2.44% B-Cash (BCH) 0.0059287 BTC
-0.63% Bitcoin (BTC) 23160.9564 USDC
+0.33% USD Coin (USDC) 0.92 EUR
-0.64% Bitcoin (BTC) 23142.029 USDT
+0.35% Tether (USDT) 0.92 EUR
+4.18% Chainlink (LINK) 6.68 EUR
+4.15% Chainlink (LINK) 0.00031604 BTC
-0.43% Dogecoin (DOGE) 0.07 EUR
0.00% Dogecoin (DOGE) 0.00000376 BTC
+1.78% Uniswap (UNI) 6.17 EUR
+2.64% Uniswap (UNI) 0.00029421 BTC
-0.28% Cardano (ADA) 0.34 EUR
+0.30% Cardano (ADA) 0.00001654 BTC
+1.22% Tron (TRX) 0.05 EUR
+1.48% Tron (TRX) 0.00000274 BTC
-0.64% Shiba Inu (SHIB) 0.0000107 EUR
+1.67% Zcash (ZEC) 42.54 EUR
+1.53% Zcash (ZEC) 0.00202 BTC
+0.78% Basic Attention Token (BAT) 0.0000114 BTC
+11.27% TradeFlow (TFLOW) 0.0591384 BUSD

Bank of England Governor Touts CBDCs Over Stablecoins: Report


The governor of the Bank of England (BoE), Andrew Bailey, said that exploring a central bank digital currency (CBDC) would be better for financial stability than asset-backed stablecoins, which the banking chief said he was “skeptical” about.
Speaking at a House of Lords’ Economic Affairs Committee on Tuesday, Bailey said a CBDC would be a better alternative than evolving towards “some world of (asset-) backed stablecoins which has money-like features which could be regulated.”
Bailey told the Lords Committee the BoE would not be moving into the retail bank account business through a CBDC, adding that it was not a monetary policy tool either, according to the report.
The BoE, like many central banks around the world, has published research and discussed a move to CBDCs of some sort or the other. Recently, the Swiss central bank said it was technically ready to deploy a wholesale CBDC for interbank payments, but eschewed a specifically retail-focused CBDC.
It’s not the first time BoE’s Bailey has called for stablecoins to come under scrutiny; indeed, it’s something of a recurring theme.
Source: Coindesk