Bank of England Wants Digital Pound Advisers as It Moves to CBDC Design Phase
Submitted by Anonymous (not verified) on Wed, 08/09/2023 - 20:10The Bank of England has also started recruiting for its central bank digital currency engagement forum.
The Bank of England has also started recruiting for its central bank digital currency engagement forum.
The BofE said in February that a digital pound was likely needed, but that it will not make a decision on issuing one until at least 2025.
The BofE said in February that a digital pound was likely needed, but that it will not make a decision on issuing one until at least 2025.
While cryptocurrencies are widely known for running on blockchain technology, the Bank of England’s upcoming digital pound, colloquially known as ‘
Stakeholders also want the Bank of England to consider tougher caps on individual digital pound holdings to prevent bank runs.
Stakeholders also want the Bank of England to consider tougher caps on individual digital pound holdings to prevent bank runs.
With the rise of central Bank digital currency (CBDC) emerging and proving a notable use case, several central banks across the globe have been pre
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