UK look to launch digital pound by 2030, roadmap to be released soon
The Bank of England and the Treasury believe that the U.K. will "likely" need a digital pound amid declining cash usage.
CBDC Central Bank Digital Currency Digital PoundThe Bank of England and the Treasury believe that the U.K. will "likely" need a digital pound amid declining cash usage.
CBDC Central Bank Digital Currency Digital PoundThe Bank of England believes the United Kingdom is likely to need to create a CBDC by 2030.
Digital PoundThe Bank of England and the Treasury are set to introduce the idea of a digital pound CBDC in a roadmap to be launched next week. The central bank currency, which has been dubbed Britcoin, could be in use by 2030 and will sit alongside the traditional physical currency. Despite this, there are fears that []
Britcoin CBDC Digital PoundThe Bank of England (BoE) and Britains finance ministry think the UK is likely to need to create a central bank digital currency (CBDC) later this decade, the Telegraph newspaper reported on Saturday, citing an unreleased government report...
CBDC Central Bank Digital CurrencyThe Bank for International Settlements has been working with the Bank of England on Project Rosalind and wants payment providers to participate in the next phase of the CBDC project.
CBDCU.K. Treasury is looking for a Head of Central Bank Digital Currency who will lead its work on a potential digital pound but hasnt committed to issuing the CBDC.
CBDC Central Bank Digital Currency Digital Pound