
Global CBDC Technical Standards: Should the UK Lead?
Roxana Mohammadian-Molina writes that the UK will play a leading role in establishing globally-applicable technical standards for CBDC.
CBDCYesterday, the UK Treasury Committee held ahearingwith officials from theBank of England(BofE) to discuss the subject of Central Bank Digital Currencies (CBDCs). Sir Jon Cunliffe, Deputy Governor for Financial Stability shared the Banks position on the ongoingconsultationaround a potentialdigital pound. When pressed, he said the Bank believes theres a more than 50% chance that a []
The post Bank of England says a digital pound more likely than not appeared first on Ledger Insights - blockchain for enterprise.
Roxana Mohammadian-Molina writes that the UK will play a leading role in establishing globally-applicable technical standards for CBDC.
CBDCDigital Pound
Digital Pound
Bank of England Deputy Gov. Jon Cunliffe told lawmakers a digital pound would make it easier for U.K. residents to make micropaymentsbut doesnt Bitcoin already do this?
CBDC Digital PoundRELATED STORIES Bank of England Says Digital Pound (CBDC) Could Protect Consumers March 1, 2023 Maine Bill Would Redefine Money to Exclude Bitcoin, Enable CBDCs March 1, 2023 A top Bank of England officialhas told MPs that there is now a more than 50% chance that a UK digital currency will come into existence...
Digital PoundBank of England Deputy Governor Jon Cunliffe says a Digital Pound (CBDC) could protect consumers, according to a new Bloomberg report. Specifically, Cunliffe said that the implementation of a digital pound could ensure consumer protection in the event of a failure in the banking system, the report stated. Cunliffe state that consumers already live, in []
CBDC Digital Pound