On Friday, the Bank of England (BoE) announced a twelve-month collaborative research project with the Massachusetts Institute of Technology (MIT) on central bank digital currencies (CBDCs).
The BoE will be partnering with the MIT Media Lab’s Digital Currency Initiative (DCI) to investigate technical approaches.
The Bank of Canada (BoC) and the Federal Reserve Bank of Boston have similar CBDC projects with MIT’s DCI. The Bank of England says it contracted with MIT in February, and the Bank of Canada announced its relationship just last week. In February, the Federal Reserve Bank of Boston published a report on the initial DCI work.
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