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TechFlow, July 23 — According to Bloomberg, the Bank of England is considering abandoning its central bank digital currency (CBDC) plan. Governor Andrew Bailey said he would need "a lot of convincing" to introduce a digital pound if payment innovations by commercial banks prove successful, signaling a decline in global support for state-backed digital currencies.
According to Bloomberg, the Bank of England is considering abandoning its central bank digital currency (CBDC) plan. Governor Andrew Bailey said he would need "a lot of convincing" to introduce a digital pound if payment innovations by commercial banks prove successful, signaling a decline in global support for state-backed digital currencies.
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