Bank of England: Digital pound rollout put on hold as stablecoins reshape the role of money
Bank of England Deputy Governor Sarah Breeden said the UK need not rush to launch a digital pound and is reassessing the value of a retail central bank digital currency. Meanwhile, the Bank is focusing on financial market settlement capacity and upgrading its real-time gross settlement system to support digital settlement.
Bank of England Deputy Governor Sarah Breeden said the UK need not rush to launch a digital pound and is reassessing the value of a retail central bank digital currency. Meanwhile, the Bank is focusing on financial market settlement capacity and upgrading its real-time gross settlement system to support digital settlement.