Express
Bank of England is Assessing Whether to Create A Central Bank-Backed Digital Currency
Summary: Andrew Bailey, the governor of Bank of England, says in a webinar event on Monday that the BOE is debating about the creation of a central-backed digital currency, as reported by Bloomberg. Knowing digital currencies will drastically influence the “nature of payments and society”, Bailey says they will be heading toward some digital currencies in ...
Andrew Bailey, the governor of Bank of England, says in a webinar event on Monday that the BOE is debating about the creation of a central-backed digital currency, as reported by Bloomberg.
Knowing digital currencies will drastically influence the “nature of payments and society”, Bailey says they will be heading toward some digital currencies in a few years.
As private sectors have already embraced digital currencies, major central banks finally start to review this possibility.
Yi Yang
Tags: Central Bank Digital Currency
Link: Bank of England is Assessing Whether to Create A Central Bank-Backed Digital Currency [Copy]
