Bank of England and Treasury Deliberate Over Launch of Digital Pound with Cautious Strategy

In a progressive yet careful move, the Bank of England along with the U.K. Treasury is advancing their examination of a potential digital pound, emphasizing on conducting thorough research and laying the necessary legislative foundation, while maintaining a non-committal stance regarding its actual implementation.



Through their recent feedback on a consultation concerning a digital pound proposal, the Bank of England and the U.K. Treasury have showcased a methodical and exploratory methodology in the development of a central bank digital currency (CBDC).



This feedback, which addresses a consultation document dated February 2023, demonstrates an ongoing interest in the concept of a digital pound, but refrains from making an unequivocal commitment to its creation. The approach of the Bank of England and Treasury is marked by the
#CBDC, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #UK
First found on: Bank of England and Treasury Deliberate Over Launch of Digital Pound with Cautious Strategy