Barclays Bank to introduce financial money to British financial regulators


nnnCommentary: Barclays Bank officials revealed that the joint financial technology company and the British Financial Behavior Authority (FCA) to explore how to make digital money play a role. It remains to be seen whether FCA will respond to it, but from the agency’s past remarks, although it supports innovation but remains cautious about the digital currency, it is difficult for the Barclays Bank to make a short term Satisfactory results.n
nnTranslated by: Inan
nBarclays senior officials said on June 26 that the bank is in contact with one of the UK’s major financial regulators.n
nAccording to Ashok Vaswani, chief executive officer of Barclays Bank UK, the bank communicated with the Financial Conduct Authority (FCA) to “make the digital currency” play a role. Vaswani revealed the news in an interview with CNBC on Monday.n
nVaswani did not elaborate on what the “action” specifically meant, but noted that banks were working with financial technology start-up companies and FCA to focus on projects that focused on block chains.n
nn”We have been in contact with several financial technology companies and have been working with FCA on how to make digital money,” he said.n
nnIt remains to be seen whether the regulator will react.n
nWhile FCA has played an active role in creating an environment that promotes innovation, such as the inclusion of some block chains and digital money start-ups in experimental “sandboxes”, the agency has recently proposed that digital money investments should be cautious.n
nChris Woolard, FCA’s director of strategy and competition, said in a block chain activity earlier this month: “While we do not want to see digital money as something bad, we really have to be careful.”n

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