Crypto crash survivors could become tomorrow's Amazons: Bank of England

The Straits Times LogoThe Straits Times1 mo ago

Crypto crash survivors could become tomorrow's Amazons: Bank of England

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June 22, 2022 9:11 PMBOE deputy governor Jon Cunliffe says crypto technology has "huge applications and potential within the financial sector".

The BOE is developing plans for its own retail central bank digital currency (CBDC) and will deliver a consultation paper at the end of the year.

Mr Cunliffe gave an example of stablecoins that are integrated into supply chain and logistics systems to maximise efficiency.

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Article Details

Category: Economy

Topics: Currencies Months First Rose Crypto Wednesday Technology Crash Bank Cunliffe Stablecoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-22, 21:11:26

News Timezone: GMT +8:00

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Language: English

Reading Time: 4 minutes read

Article Length: 575 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 3714

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