The Bank of England will continue plans to develop blockchain applications for the UK’s financial services industries despite Brexit. In a speech at London’s City University, Governor Mark Carney said that while he was “disappointed” by Britain’s decision to leave the European Union, it would not affect his work on developing new technologies and tools
The Bank of England will continue plans to develop blockchain applications for the UK’s financial services industries despite Brexit. The bank has also stated that further research into the economic implications and technical feasibility of central bank digital currencies will continue alongside investigations to leverage fintech opportunities into the bank’s fintech accelerator, launched in June.