Finance Breaking news Rishi Sunak announces UK Treasury and BofE fintech taskforce to explore CBDC last financial news

Breaking-Finance.Com - Chancellor of the exchequer Rishi Sunak announced today the launch of new fintech taskforce to “coordinate exploratory work on a potential central bank digital currency,” led by the UK Treasury and Bank of England and established as part of the UK Government's response to the Kalifa Review.

Finance Breaking news Rishi Sunak announces UK Treasury and BofE fintech taskforce to explore CBDC last financial news

Breaking-Finance.Com - Chancellor of the exchequer Rishi Sunak announced today the launch of new fintech taskforce to “coordinate exploratory work on a potential central bank digital currency,” led by the UK Treasury and Bank of England and established as part of the UK Government's response to the Kalifa Review.

Finance Breaking news Rishi Sunak announces UK Treasury and BofE fintech taskforce to explore CBDC last financial news
19 April 2021 - 08:45

Breaking-Finance.Com - Chancellor of the exchequer Rishi Sunak announced today the launch of new fintech taskforce to “coordinate exploratory work on a potential central bank digital currency,” led by the UK Treasury and Bank of England and established as part of the UK Government's response to the Kalifa Review. Speaking at Innovate Finance Global Summit, Sunak highlights that the Bank of England has published a new account policy, allowing new and innovative financial market infrastructure propositions. Alongside this, the chancellor promises a new financial market infrastructure sandbox for firms “innovating with new technologies like distributed ledger technologies.” The UK Government also intend on consulting this summer on reforms to capital markets, such as removing double volume cap and share trading obligation, which will ensure that the UK “continues to have the highest possible regulatory standards, whilst improving our competitiveness, supporting economic growth, and making sure the rulebook is fair and proportionate.” Further, Sunak also reveals that the UK Treasury will be setting out a detailed response to the Kalifa Review in a written statement to Parliament “shortly”.

.” “First, I can confirm that we're already reforming the visa system to help firms like yours, complement your domestic recruitment efforts with the best and most promising tech talent from around the world. “Second, if we want to support fintech businesses to scale up, we need to make sure that regulatory toolkit is there. So, we're pleased to announce today that the Financial Conduct Authority has decided to take forward the idea of a regulatory scalebox, a package of measures to help fintech firms to grow. “And I can commit today that will work with the fintech community to realise the idea of a new industry led Centre for Finance, Innovation and Technology to utilise and enhance fintech expertise across the United Kingdom's nations and regions.”  

Source = Breaking-Finance.Com

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Finance Breaking news Rishi Sunak announces UK Treasury and BofE fintech taskforce to explore CBDC last financial news


Finance Breaking news Rishi Sunak announces UK Treasury and BofE fintech taskforce to explore CBDC last financial news


Finance Breaking news Rishi Sunak announces UK Treasury and BofE fintech taskforce to explore CBDC last financial news


Finance Breaking news Rishi Sunak announces UK Treasury and BofE fintech taskforce to explore CBDC last financial news

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