Racheal Muldoon

2 months ago | charlesrussellspeechlys.com | Racheal Muldoon |Charlotte Hill |Richard Ellis |Nick White |Rebecca Wright

For some time now, the Bank of England (BoE) and HM Treasury have been examining the concept of a digital pound. It is envisaged that a digital pound would (i) be a central bank digital currency (CBDC) issued by the BoE (ii) complement physical banknotes and (iii) be exchangeable with cash and bank deposits. No decision has yet been made on whether a digital pound will come to fruition.