West Europe
United KingdomBank of England official suggests digital pound may not be needed quickly
A Bank of England official, Breeden, has indicated that a digital pound may not be needed as quickly as previously thought, suggesting a shift in the urgency of its implementation.
Background
Central banks globally are exploring central bank digital currencies (CBDCs) to modernize financial systems and maintain monetary stability. The Bank of England has been researching a digital pound, often referred to as 'Britcoin,' to understand its potential impact on the UK economy and financial services.
Quorum · collective opinions
Bank of England official suggests digital pound may not be needed quickly
First report 5h agoLast update 5h ago1 takes 1
digital pound not urgentneutralShow 3 posts
started 5h ago•Last update 5h ago
A Bank of England official suggests that the implementation of a digital pound may not be required in the immediate future.
iWitness comments
No comments yet — be the first to weigh in.