BoE considering the launch of a digital currency

Tuesday 14 July 2020 13:54 CET | News

Bank of England (BoE), UK’s central bank, has announced the possibility of launching a digital currency.

Speaking during an online event, BoE governor Andrew Bailey told a group of UK students that his institution was having talks over the plan, according to Financial News. Bailey said ongoing investigations would look at a central bank digital currency (CBDC) which would have implications across ‘payments and society’.

He anticipated that the CBDC could be a real possibility in several years, once coronavirus has passed.

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Keywords: BOE, digital currency, Bank of England, UK, banks, central bank digital currency, CBDC, payments , coronavirus, COVID-19
Categories: DeFi & Crypto & Web3
Countries: United Kingdom
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