bank of england is mor then open minded.
they are already trialling it
DLT is blockchain on a closed network
https://www.bankofengland.co.uk/news/2018/march/rtgs-renewal-proof-of-concept
https://www.bankofengland.co.uk/research/digital-currencies
https://www.bankofengland.co.uk/research/fintech
https://www.bankofengland.co.uk/research/fintech/proof-of-concept
Topic: England Central Bank cryptocurrency - page 2. (Read 291 times)
interesting thing...
one thing is sure: Adoption will not come easily.
what I would like to know is: why a central bank should hold some cryptocurrencies?
what's the main reason?
one thing is sure: Adoption will not come easily.
what I would like to know is: why a central bank should hold some cryptocurrencies?
what's the main reason?
Mark Carney, the governor of the Bank of England, , said he was open-minded about the prospect of a digital currency controlled by the central Bank (CBDC). He also pointed out that such an adoption would not happen soon .
Source : Bloomberg
Source : Bloomberg
Well, this shows that at the moment banks are fine with cryptocurrencies as long as they can maintain the control. Because decentralization and lack of control are the things they dislike the most when Bitcoin and other cryptocurrencies are involved.
Since Bank of England has reputation and influence all around the world such decision might make significant impact.
Yeah. This is good news for all investors in the UK. Electronic money is growing and the central bank is allowed to trade electricity bills. The British government was very open and modern. The future of the market is growing in Britain as this attracts many investors. Countries that do not accept electronic money should follow the example of Britain to bring the economy together.
Normally such adoption needs necessary changing in legislation and it may take a lot of time. But the fact is the government must to cooperate with crypto currencies, while they don't they are loosing a nice % of possible profit 
obviously does not understand decentralised trustless aspects of bitcoin
The English Central Bank, (or European, any other country's for that matter), issuing a Cryptocurrency is an Oxymoron. It's just going to be a fiat currency wrapped in Crypto lingo.
The purpose behind the launch of Bitcoin was decentralisation, so as to defeat the fiat reign of the Central Banks. Those very culprits launching a Crypto is like coal calling the kettle black.
The purpose behind the launch of Bitcoin was decentralisation, so as to defeat the fiat reign of the Central Banks. Those very culprits launching a Crypto is like coal calling the kettle black.
Cryptocurrency don't need central banks to make it legitimate. It is peer to peer , decentralize and holders are their own banks by holding their own coins in their wallet.
I think if the British central bank adopted cryptocurrency it would be very good, but it is true that I do not think it is easy and it will take quite a long time.
Mark Carney, the governor of the Bank of England, , said he was open-minded about the prospect of a digital currency controlled by the central Bank (CBDC). He also pointed out that such an adoption would not happen soon .
Source : Bloomberg
More info here : https://www.coindesk.com/the-uk-government-is-launching-a-cryptocurrency-task-force/Source : Bloomberg
Mark Carney, the governor of the Bank of England, , said he was open-minded about the prospect of a digital currency controlled by the central Bank (CBDC). He also pointed out that such an adoption would not happen soon .
Source : Bloomberg
Source : Bloomberg
I relly cannot see the point of having a cryptocurrency bank especially if the wallets are in the personal care of the cryptocurrency users. Does this banks offer a much more stringent protection or are they hust putting it into one big vault waiting for one big take from a very nefarious blackhat hacker that can be in the amount of billions. At least if it is in the person’s care then at least they can have a different address, a different log in a lesser target for hackers and robbers
Mark Carney, the governor of the Bank of England, , said he was open-minded about the prospect of a digital currency controlled by the central Bank (CBDC). He also pointed out that such an adoption would not happen soon .
Source : Bloomberg
Source : Bloomberg
Jump to: