Following discussions, the bank will decide on the future of the national cryptocurrency

The Bank of England will hold public discussions on CBDC

12.11.2021 - 11:15

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1 min

What’s new? The Bank of England has published a release on its website announcing the launching of the national cryptocurrency. The project will be launched with a public consultation on the issue.

The news on the bank's website

What is known about the UK CBDC? According to the authorities, the new asset type should not completely replace cash and deposits. The digital pound will become another form of money for everyday spending by individuals and businesses.

Public discussions on the launching of the digital pound will take place as early as next year. Stakeholders will study the advantages and disadvantages of the asset. Based on the results of the discussions, the authorities will make a final decision on the launching of a national CBDC.

Author:

Michael Golikov Michael Golikov

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