The Bank of England believes that up to 20% of all deposits will go to the CBDC
The regulator’s representatives discussed the asset's opportunities and risks in a special meeting

25.11.2021 - 08:40
293
1 min
0
What’s new? As part of the Economic Affairs Committee's discussion of the central bank digital currency (CBDC), the Bank of England representatives described this asset type as the next stage in the evolution of money.
News source on the Parliamentlive website
What else was discussed in Parliament? The deputy head of the regulator, John Cunliffe, stated that the most conservative estimates that into CBDC will flow about 20% of all retail and corporate deposits. In doing so, the new asset type will revolutionize the functionality of money.
As previously mentioned, the Bank of England plans to launch a national cryptocurrency. The public discussions on the introduction of the digital pound will take place as early as next year.
Useful material?
Crypto regulations
The goal of the organization will be to work jointly on new products
Mar 31, 2023
Crypto regulations
The decision is due to the speculative nature of the first cryptocurrency
Mar 31, 2023
Technologies
The platform intends to overcome this milestone without compromising decentralization
Mar 30, 2023
Trends
Their sale will be carried out by Samolet Group through the Atomyze platform
Mar 30, 2023
Politics
This slogan is part of Elizabeth Warren’s election campaign
Mar 30, 2023
Incidents
According to Kaspersky Lab, about 16 000 users of digital assets have been affected by the malware
Mar 30, 2023