Critical Warning from the Bank of England! đš
- The Bank of England has warned that if central bank money is not modernized, wholesale payments could shift to private assets and financial stability could be at risk.
- Speaking at Digital Assets Week, Sasha Mills said that if technologies such as tokenized assets and programmable ledgers are not adopted, high-value payments could shift to stablecoins.
- The bank launched the Digital Securities Sandbox to test new technologies, but stressed that implementing these technologies in financial markets could be risky.
- The Bank of England is investigating how central bank money could interact with programmable ledgers and plans to conduct a series of experiments to this end.
Stay tuned for more information!
