Governor of the Central Bank of England: “Cryptocurrencies are a “hotbed” for crimes”

The Governor of the Bank of England, Andrew Bailey, believes that cryptocurrencies create conditions for the development of crime, so he called on regulators to tighten the fight against cryptocurrency fraud. This was stated by Andrew Bailey at the Stop Scams conference organized by the Central Bank this week. Bailey called cryptocurrencies the new “front line” in criminal scams, which are increasingly used by hackers, scammers and other wrongdoers. Bailey urged banks, technology companies and…

The Swedish Central Bank is studying the use of e-krona in smart contracts

Riksbank announced the successful testing of the digital krone in the Swedish banking system and exploring the possibility of creating payment instruments based on it. The Swedish central bank has announced that it is going to explore how the digital krona can incentivize payments using smart contracts. The Riksbank posted a report stating that the CBDC trials were successful. The Riksbank believes that the advantage of the Central Bank’s digital currency is the ability to…