[BoE Governor urges banks to advance tokenized bank deposits] Golden Finance reported that Andrew Bailey, Governor of the Bank of England (BoE), delivered a speech on the future prospects of currency on Monday, delving into the potential of new digital currencies. Bailey hopes to maintain the status quo between financial institutions and central banks, but also hopes to encourage banks to stimulate greater innovation, especially in tokenized deposits. The Bank of England believes that as the economy goes digital, it is necessary to protect the foundation of safe currency, but not just CBDC. In addition, Bailey said that stablecoins often fail basic unitary and settlement finality tests, and what we need is a new form of enhanced digital currency that can incorporate new features, such as the programmability of smart contracts, while maintaining its inherent security and confidence. This is especially important for retail CBDC or digital pound.