This signals the end of the “consultation and response phase” and the beginning of the “design phase”, according to the BoE’s website.
This is the first real news on the digital currency front for some time.
In fact, after an action-packed 2023 saw at least 135 of the world’s 197 nation states developing a digital currency, things have been eerily quiet on that front. Some nations – including Japan and Canada – have paused or even entirely scrapped CBDC development.
Even the Bank of England’s announcement of the lab contains much softer language than the previously energetic and enthusiastic endorsements of digital currency. Noting the CBDC would be “used alongside banknotes” instead of replacing them, and that “No decision has been made on whether to proceed with a digital pound.”...<<<Read More>>>...
