Express

Digital Pound Could Present "Challenges" for UK, Says Mark Carney

Roland James

Summary: Mark Carney, the outgoing governor of the Bank of England (BoE), has emphasized the potential risks to monetary governance involved with launching a central bank digital currency. In a foreword to a BoE working paper on Thursday, Carney warned, “While CBDC (central bank digital currency) poses a number of opportunities, it could raise significant challenges ...

Mark Carney, the outgoing governor of the Bank of England (BoE), has emphasized the potential risks to monetary governance involved with launching a central bank digital currency.

In a foreword to a BoE working paper on Thursday, Carney warned, “While CBDC (central bank digital currency) poses a number of opportunities, it could raise significant challenges for maintaining monetary and financial stability."

According to a report from Reuters, Carney noted that a digital version of the pound would have to be "very carefully designed" if the central bank decided to launch a CBDC.

By Roland James

Last Update:

Tags: ,,,
Link: Digital Pound Could Present "Challenges" for UK, Says Mark Carney   [Copy]
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 9 hours ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 1 day ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 4 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 5 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 7 days ago
  • You need to login to comment.