The Insight Chain (INB), a distributed ledger technology (DLT)-based research chain, recently rolled out a follow-up to the Bank of England’s poll of the best monetary gift at Christmas among the general public.
Mark Carney, the governor of Bank of England proclaimed in his public speech on 21 June that the bank is intending to reconstruct its Real Time Gross Settlement (RTGS) system in order that it can interconnect with cryptocurrency platforms and private business with the help of Distributed Ledger Technology (DLT).
Today’s most important news from the world of Blockchain and crypto currency: Twitter may ban Bitcoin related ads, Bank of England governor Mark Carney stated that crypto currencies don’t pose risk, New Zealand to become a living Blockchain laboratory
A new Cryptoassets Task Force was set up in the UK on March 22, 2018, by the Treasury, Bank of England, and Financial Conduct Authority (FCA) to explore the risks of cryptoassets, the benefits of this technology, and its influence.
Bank of England governor Mark Carney stated in a letter to representatives of the G20 that cryptocurrencies do not pose any possible threat to the financial market. Carney, being a chairman of the Financial Stability Board (FSB), rejected the perspective of putting regulation on digital currencies, such as Bitcoin.
Bank of England announced the launch of a FinTech accelerator for new technology firms to demonstrate their solutions via proof of concept projects (POCs) and to help the bank “harness FinTech innovations for central banking”. For successfully completed POCs, the Bank of England promises to consider acting as a reference for the firms.