There’s a “question whether we could apply a competition objective to the Bank of England, when we think about things like central bank digital currency and how that’s implemented,” Jackson, who is the director of policy at Innovate Finance, told lawmakers on the committee. He added that the CBDC “could crowd out innovation and stablecoins unless it’s designed in a way that promotes competition.”
Related posts
-
Stablecoins, BTC Miners Outperform as $18B Gets Wiped Out From Crypto in June: JPMorgan
However, it’s not all doom and gloom for the digital assets sector. Stablecoins outperformed the rest... -
Digital Asset Funds Recorded Net Inflows for First Time in 4 Weeks: CoinShares
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
HIVE Digital stock rallies over 9% as Bitcoin miner bolsters crypto reserves to 2.5k BTC
Canadian Bitcoin mining company HIVE Digital has released a June financial report, revealing it has increased...