London-based Fnality, which lets banks transact in a digital cash asset backed with funds at the Bank of England, raised $136M led by BoA, Citigroup, and others
Fnality International Ltd., a UK-based blockchain-payments company, has raised $136 million in a funding round led …
The UK FCA, the PRA, and the Bank of England issue a joint consultation paper setting out proposals to strengthen oversight of banks' cloud computing providers
Financial Times :
The Bank of England and UK FCA seek feedback on proposals for regulating stablecoins, aiming to evaluate the potential benefits for consumers and retailers
https://lnkd.in/... Alongside a Roadmap with the Bank of England; …
Sources: top shareholder SoftBank demanded compensation from Revolut after UK regulators told the startup to simplify its ownership to obtain a banking license
They are nowhere near listing-ready, we're not in 2021. Will they ever be? … Maarten Ectors : Vodafone and BT are axing tens of thousands of jobs because of technology innovations. Revolut made most...
HSBC acquires Silicon Valley Bank's UK arm for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B in loans and ~£6.7B in deposits
Sale Facilitated by Government, Bank of England Tweets: Jeremy Hunt / @jeremy_hunt : This morning, the Government and the Bank of England facilitated a private sale of Silicon Valley Bank UK to HSBC D...
Founders fear that the collapse of SVB, which had branches in the UK, Canada, China, Germany, India, Israel, and more, could wipe out startups around the world
Because startups that banked with SVB don't have access to their funds … Manish Singh / TechCrunch : Silicon Valley Bank collapse is impacting many Indian startups Philip Elmer-DeWitt / Philip Elmer‑D...
The Bank of England publishes two papers on a new digital pound, seeming to favor centralized databases over a blockchain and limiting to £10K-£20K per person
The Bank of England has set out technical features of its central bank digital currency, which officials have said is likely to be needed.
The Bank of England and the UK Treasury jointly create a taskforce to explore a potential central bank digital currency
Quick Take — The Bank of England and HM Treasury have jointly created a CBDC taskforce. — They will explore a potential digital currency in the U.K.