The Bank of England and the UK Treasury have released a consultation paper outlining their case for a retail central bank digital currency (CBDC) or “digital pound.” The paper has been reviewed by the Bank-Treasury CBDC Taskforce, which was established in April 2021. Although the bank is still considering whether to introduce the digital pound, it believes that the preparatory work is justified. If introduced, the digital pound would be a form of sterling that would be used by
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