Bank of England and Treasury Explore Possibility of Launching a State-Backed 'Digital Pound'
The central Bank of England and the UK Government will today, reportedly, formally start a consultation for the 'digital pound'. A state-backed digital pound is in the plans for the country, and it may be launched "later...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
A state-backed digital pound is in the plans for the country, and it may be launched "later this decade," according to the PA Media Group, via Yahoo News. The Bank and the Treasury will create a road map to "potentially introduce a new central bank currency" (CBDC), it said, suggesting that this is still just a possibility....
Read More: Bank of England and Treasury Explore Possibility of Launching a State-Backed 'Digital Pound'
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Russia’s Central Bank Authorizes Sberbank to Exchange Cryptocurrencies
Bitcoin Magazine Russia’s Central Bank Authorizes Sberbank to Exchange Cryptocurrencies Russia’s central bank has added Sberbank t...
Ripple’s Korean Expansion Reaches From Remittances to Government Bonds
Ripple’s Korean partnerships now connect cross-border business payments, bank-managed digital asset wallets, and blockchain-based...
Kraken Parent Company Payward to Buy Saldo Bank in European Banking Push
Bitcoin Magazine Kraken Parent Company Payward to Buy Saldo Bank in European Banking Push Payward, the parent company of crypto ex...
Qivalis receives EMI authorization from Dutch central bank for euro stablecoin
Qivalis said the EMI authorization enables it to launch a euro-denominated stablecoin, with issuance planned for the coming months...
Largest Philippines crypto exchange, Coins.ph, said to face central bank regulatory action
The exchange, which has over 18 million customers, is said to have handled business transactions involving restricted offshore gam...
Riot Platforms moves its Bitcoin custody from NYDIG to BitGo Bank & Trust
Riot's custody shift to BitGo highlights the growing trend of prioritizing regulatory clarity and scale in digital asset managemen...