Bitcoin is not inefficient—Bank of England boss is wrong
Let’s address the claim that “Bitcoin is inefficient,” this is only true if one mistakenly assumes that BTC—which…
Browsing Tag
Andrew Bailey
8 posts
Bank of England head tells Parliament Bitcoin is ‘pretty inefficient’
The Bank of England takes aim at Bitcoin as a payment method, with Governor Andrew Bailey calling it…
UK update: CBDCs, tokenized bank deposits, and self-sovereign identity systems in play
In the past week, the U.K. has been moving quickly with innovations related to digital currencies, blockchains, and…
Bitcoin Faces Backlash: Bank Of England Governor Expresses Disapproval
Bitcoin and other cryptocurrencies have long been a subject of debate and scrutiny within the financial world. Bank…
Deflecting Blame — Bank of England Governor Bailey Accuses UK Retailers of Overcharging Customers
After the Covid-19 pandemic, many people believe the implementation of extensive stimulus measures and quantitative easing (QE) policies…
Bank of England to Backtrack on Digital Pound as Digital Euro Receives Major Boost
Coinspeaker Bank of England to Backtrack on Digital Pound as Digital Euro Receives Major Boost Andrew Bailey, the…
Bank of England governor questions need for digital pound
BoE governor Andrew Bailey highlighted that the UK already has a wholesale settlement system with a major upgrade.…
Bank of England Hikes Repo Rate by 75bps — UK’s 30-Year Fixed Mortgage Rate Jumps to 7%
On Nov. 3, 2022, the Bank of England followed the U.S. Federal Reserve by codifying the eighth consecutive…