BEAMSTART Logo

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

Quick Summary AI Powered

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.


More Pictures


or

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

News Source URL: straitstimes.com

Language: English

Reading Time: 4 minutes read

Article Length: 575 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 3714

View Article Analysis

About The Straits Times

The Straits Times Logo

Main Topics: Economy

Official Website: straitstimes.com

Update Frequency: 16 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.