The Bank of England believes that up to 20% of all deposits will go to the CBDC
The regulator’s representatives discussed the asset's opportunities and risks in a special meeting
25.11.2021 - 08:40
449
1 min
0
What’s new? As part of the Economic Affairs Committee's discussion of the central bank digital currency (CBDC), the Bank of England representatives described this asset type as the next stage in the evolution of money.
News source on the Parliamentlive website
What else was discussed in Parliament? The deputy head of the regulator, John Cunliffe, stated that the most conservative estimates that into CBDC will flow about 20% of all retail and corporate deposits. In doing so, the new asset type will revolutionize the functionality of money.
As previously mentioned, the Bank of England plans to launch a national cryptocurrency. The public discussions on the introduction of the digital pound will take place as early as next year.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 221
BTC
-0.78%
-
Ethereum
$3 438.09
ETH
+4.06%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.49
XRP
+2.78%
-
Dogecoin
$0.432242
DOGE
+6.02%
-
Cardano
$1.07
ADA
+10.12%
-
Stellar XLM
$0.52038
XLM
+69.12%
-
Polkadot
$8.81
DOT
+40.15%
-
Bitcoin Cash
$512.07
BCH
+5.54%
-
Litecoin
$99.32
LTC
+9.86%