BoE fintech head says crypto doesn’t ‘fulfill any of the functions of money’
At a recent event, Tom Mutton, the Bank of England’s head of fintech, touted the privacy benefits of CBDCs while denouncing the anonymity of cryptocurrencies.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
At a recent event, Tom Mutton, the Bank of England’s head of fintech, touted the privacy benefits of CBDCs while denouncing the anonymity of cryptocurrencies.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Bitcoin Price Trades Near $79,600 as Oil Rebounds and Bank of England Hikes Rates
Bitcoin Magazine Bitcoin Price Trades Near $79,600 as Oil Rebounds and Bank of England Hikes Rates Bitcoin price traded near $79,6...
China central bank probes Solana after Shanghai shutdown, report
China’s central bank has launched an investigation into Solana after authorities shut down an “illegal” promotional Solana event l...
Nigeria’s Central Bank Now Requires Offshore Stablecoin Issuers to License Locally
Stablecoin issuers based abroad can no longer serve Nigerian users on the strength of a foreign license under a new rulebook from...
Paraguay Bank Collapse Shows Why Bitcoin Was Created as USDT Hits Premium
Paraguay bank crisis is showing why Bitcoin was created in the first place. USDT sellers reportedly demanded premiums of up to 13%...
Paraguay Bank Crisis Sends USDT to 13% Premium After Ueno Freeze Hits 3M Customers
Key Takeaways: Bybit P2P listing also went about 13% cheaper than Paraguay’s official dollar rate in USDT. The failure of Ueno Ban...
Ukraine Central Bank Refuses to Back Crypto Bill Cleared for Second Reading
Bitcoin Magazine Ukraine Central Bank Refuses to Back Crypto Bill Cleared for Second Reading Ukraine’s central bank will not suppo...