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Digital Pound Foundation launches to promote UK CBDC
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finextra.comCiting BIS research showing that 10% of central banks representing 20% of the world’s population are likely to issue a CBDC for the general public in the next three years, the foundation claims that a digital pound is vital to maintaining the UK's leading position in fintech.The foundation may be pushing at an open door: earlier in the Spring the UK Treasury launched a joint taskforce with the Bank of England to explore the case for introducing a Central Bank Digital Currency in the UK.In June, BofE governor Andrew Bailey expressed his enthusiasm for the project: “I'm very encouraged by progress on that [CBDC] front and the fact that we are getting to grips with this critical innovation.
If this comes to pass, it will be one of the most
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