According to a consultation paper released by HM Treasury and the Bank of England, it is highly probable that a digital pound will be required in the future. The paper suggests that with the advancements in technology and the increasing popularity of digital currencies, the need for a digital pound becomes more apparent. This move would align the UK with other countries that have already started exploring the idea of a digital currency. The consultation paper aims to gather feedback and insights from various stakeholders to better understand the potential benefits and challenges associated with introducing a digital pound.
HomeDIGITAL ASSETS REGULATORYStable Coin UpdatesHM Treasury and Bank of England's Contemplation of Plans for a Digital...