Bank of England and Treasury invite public input into plans for digital pound

According to news on February 7, British regulators said on Monday that the Bank of England is starting to further research and develop a digital pound for purchasing goods and services. The central bank and the country’s Ministry of Finance hope that the public will participate in its digital version of the pound and will The consultation was released for public comment on Tuesday.

The Bank of England plans to conduct its own experimentation and design phase over the next two years before deciding whether to establish a digital pound, according to people familiar with the matter. Pilot testing of its central bank digital currency will not begin until at least 2025.

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