Ledger Insights: Tuesday January 17, 2023
The Governor of the Bank of England doesn't see the need for a CBDC. He sees digital currency blur the line between commercial, central bank money
Yesterday the Bank of England Governor, Andrew Bailey, attended a Treasury Select Committee hearing on financial stability. During the session, there was a discussion about stablecoins and a digital pound, both a retail and wholesale central bank digital currency (CBDC). Bailey doesnt see the need for either. His comments are summarized first, and the full []
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