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LONDON (Reuters) - The Bank of England said on Monday that payments with 'stablecoins' - a form of digital currency - would need to regulated in the same way as payments currently handled by banks if they become widespread.
INFLATION is coming. Or wait, it’s already here. Bond investors are looking at the 4.2% annual rate that US consumer prices jumped to in April and wondering if it’s all because of depressed levels from last year. Could it be that the Federal Reserve is wrong about higher prices being transitory?
LONDON (Reuters) - The Bank of England might strengthen its controls on cloud data providers and other technology firms to counter possible risks to the stability of the financial system from the rise of fintech, Deputy Governor Dave Ramsden said.