The NYDFS and Bank of England have unveiled a powerful initiative aimed at strengthening crypto regulations worldwide. This partnership will facilitate a unique staff exchange program, enhancing both regulators’ ability to oversee digital assets and financial technologies. NYDFS and BOE launch TRE Program The New York Department of Financial Services (NYDFS) and the Bank of […]
Bank of England (BOE)
Bank Of England Governor Criticizes Bitcoin’s Lack of Momentum In Financial System
Bank of England (BOE) Governor Andrew Bailey expressed his concerns about Bitcoin’s inability to gain traction as a viable payment method, citing inefficiencies in its functionality, in a session before the United Kingdom Parliament Treasury Committee on January 10. Bitcoin’s Struggle As A Payment Method Accompanied by BOE Deputy Governor Sarah Breeden, Bailey addressed the committee to discuss the […]