Bank of England Considers Shelving Plans for a Digital Pound

Andrew Bailey Shoots Down New Central Bank Digital Currency in Policy Shift

The Bank of England is playing down the chances of an intrusive Central Bank Digital Currency today. A win for fans of privacy… Briefings from staff at the Bank – which previously said it believed a “digital pound” was “likely” to be needed – indicate that the BoE is letting private businesses take the lead and won’t push for a CBDC at this time.[…] Read the rest

Bank of England Considers Shelving Plans for a Digital Pound

Bank of England officials are mulling whether to set aside plans to create a digital pound for households amid growing skepticism about the project’s benefits, the latest sign of dwindling support for state-backed digital currencies globally.

Bank of England weighs scrapping Britcoin plans as industry solutions reduce need for CBDC

The BoE's reconsideration of a digital pound highlights the growing influence of private sector innovations in shaping future monetary systems. The post Bank of England weighs scrapping Britcoin plans as industry solutions reduce need for CBDC appeared first on Crypto Briefing.

Stablecoins dominate, Bank of England considers halting digital pound plans: report

The Bank of England is considering halting plans to create a digital pound as the global focus shifts to stablecoins. Though, the final decision has remained undecided. According to a recent Bloomberg report, the Bank of England has seen its…

Bank of England considers shelving plans for a digital pound

Bank of England (BOE) officials are mulling whether to set aside plans to create a digital pound for households amid growing scepticism over the project’s benefits, the latest sign of dwindling support for state-backed digital currencies globally.