The central Bank of England and the UK Government will today, reportedly, formally start a consultation for the ‘digital pound’.
A state-backed digital pound is in the plans for the country, and it may be launched “later this decade,” according to the PA Media Group, via Yahoo News. The Bank and the Treasury will create a road map to “potentially introduce a new central bank currency” (CBDC), it said, suggesting that this is still just a possibility….
Read More: Bank of England and Treasury Explore Possibility of Launching a State-Backed ‘Digital Pound’