Today news
About the same in other media
Bank of England sees CBDCs as a revolution for the future of money
Reading now: 799
In an event streamed live on Wednesday, Bank of England governor Andrew Bailey and deputy governor for financial stability Sir Jon Cunliffe answered questions from lawmakers from the Economic Affairs Committee. When asked about the growth of innovation surrounding digital currencies in the country, Sir Cunliffe gave the following comment:
Sir Jon Cunliffe discussing CBDCs | Source: Parliamentlive.tv
The Bank of England is currently exploring options to implement a digital pound CBDC for retail payments. A task force behind the CBDC is also investigating the use of a digital pound for distributing payrolls, pensions, etc.
In supporting the initiative, Sir Cunliffe cites the rapidly declining use of cash in the United Kingdom in recent years —
Read more on cointelegraph.comAbout this in other media
'Brad Sherman Meme Coin Ecosystem' Grows as Hamster Pumps and Mongoose Joins the Party cryptonews.com /3 years ago
Central bank tells Thai banks not to offer crypto trading cointelegraph.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
