First report 1h ago•Last update 46m ago
Bank of England official suggests digital pound may not be urgently needed
A Bank of England official, Breeden, has indicated that the digital pound may not be needed as quickly as previously thought.
Background
Central banks globally are exploring central bank digital currencies (CBDCs) to modernize financial systems and maintain monetary sovereignty. The UK government and the Bank of England have been jointly investigating a potential digital pound, often referred to as 'Britcoin', to complement physical cash and existing digital payments.
Quorum · collective opinions
Debate on the need for a digital pound in the UK
First report 1h agoLast update 1h ago1 takes 1
digital pound not urgentneutralShow 3 posts
started 1h ago•Last update 1h ago
The need for a digital pound may not be as immediate as previously considered.
Bank of England official suggests digital pound may not be urgently needed
First report 1h agoLast update 1h ago1 takes 1
digital pound not urgentneutralShow 3 posts
started 1h ago•Last update 1h ago
A Bank of England official suggests that the implementation of a digital pound may not be required in the immediate future.
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