Yesterday, 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 []
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CBDC Central Bank Digital Currencies Digital Pound

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CBDC Insider: Wednesday March 01, 2023

Bank of England: Digital Pound More Likely Than Not

RELATED 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...

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CBDC Insider: Wednesday March 01, 2023

Bank of England Says Digital Pound (CBDC) Could Protect Consumers

Bank 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