Bank of England Executive Warns of Financial Risks as Private Settlement Assets Emerge

Bank of England Executive Warns of Financial Risks as Private Settlement Assets Emerge

A senior executive from the Bank of England (BoE) has raised concerns that the failure to modernize central bank money could prompt wholesale settlements to migrate to private settlement assets, posing significant risks to financial stability. Speaking at Digital Assets Week in London, Sasha Mills, the BoE's Executive Director for Financial Market Infrastructure, emphasized that the rise of technologies like tokenized assets and programmable ...

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