HomeCBDCDigital Pound UpdatesUpdate on Future Actions Regarding Central Bank Digital Currency

Update on Future Actions Regarding Central Bank Digital Currency

HM Treasury (HMT) and the Bank of England (the Bank) have announced their plans to further explore the potential implementation of a UK Central Bank Digital Currency (CBDC). This CBDC would be a new form of digital money issued by the Bank of England, intended for everyday payments by households and businesses. It is important to note that the CBDC would coexist with cash and bank deposits, rather than replacing them.

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