Today the Bank of England and HM Treasury jointly announced the creation of a taskforce to explore central bank digital currencies (CBDC). They emphasized that no decision has been made to proceed with a CBDC.
A digital pound would be a third form of money alongside bank accounts and physical cash and what’s being investigated is a general CBDC available to businesses and consumers. Last year the Bank published a research roadmap on the topic.
The stated aims include exploring motivations, risks, use cases, and design features and keeping abreast of international CBDC developments.
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