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Digital Pound

UK’s CBDC advances with creation of sandbox-like laboratory
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20 January, 2025

UK’s CBDC advances with creation of sandbox-like laboratory

In its CBDC progress update, the Bank of England announced the creation of a Digital Pound Lab, which works similar...
Bank of England examines privacy enhancing technologies for CBDC
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13 December, 2024

Bank of England examines privacy enhancing technologies for CBDC

With the growing interest in CBDCs, the Bank of England released a paper in collaboration with the MIT Digital Currency...
Bank of England Governor supports wholesale and retail CBDCs
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6 November, 2024

Bank of England Governor supports wholesale and retail CBDCs

At the Group of Thirty's 39th Annual International Banking Seminar, BoE Governor Andrew Bailey emphasized the need to modernize payment...
UK’s digital pound faces trust concerns and political opposition
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19 February, 2024

UK’s digital pound faces trust concerns and political opposition

As the U.K. edges closer to a general election, the digital pound is becoming a contentious political issue amid mounting...
BOE and UK Treasury praise potential of CBDCs, remain undecided on ‘digital pound’
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30 January, 2024

BOE and UK Treasury praise potential of CBDCs, remain undecided on ‘digital pound’

The Bank of England and the U.K. Treasury remain undecided about the necessity of a CBDC in the U.K. but...
UK House of Commons Committee urges more research on CBDC, voices concerns about costs
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6 December, 2023

UK House of Commons Committee urges more research on CBDC, voices concerns about costs

British officials believe CBDC would be a great boost in the United Kingdom, but its Treasury Committee calls for a...
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