Currency

A 'Britcoin' would carry financial stability and security challenges and there's 'no convincing case' for one, says House of Lords report

2 days ago   |   By Business Insider

A view of the Houses of Parliament from Westminster Bridge. (Photo by Hasan Esen/Anadolu Agency via Getty Images)
A House of Lords committee said Thursday it sees no compelling reason for the UK to launch a digital currency.
A digital pound would pose two main security risks, said the Lords Economic Affairs Committee.
But the committee also said a central bank digital currency could work on a wholesale level.
A digital pound for use by consumers poses security and financial stability risks and there's no need for the UK's central bank to introduce one, according to findings of a committee...
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The CFO of Robinhood says the company sees no reason to put a 'meaningful' amount of corporate cash into cryptocurrencies

2 days ago   |   By Business Insider

REUTERS/Dado Ruvic/Illustration
Robinhood CFO Jason Warnick said he sees no reason to put a "meaningful" amount of the company's money in crypto.
Warnick spoke during The Wall Street Journal's virtual CFO Network Summit Wednesday.
He also said Robinhood is aware that investors want more coins listed on its platform.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
The CFO of Robinhood Markets , Jason Warnick, said the popular trading platform won't be a big buyer of digital assets, dashing hopes among some of its users to do so. "There aren't compelling reasons...
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