Top
image credit: Adobe Stock

Digital pound could co-exist with private stablecoins — UK central bank

February 7, 2023

Category:

The United Kingdom is a step closer to launching a central bank digital currency (CBDC) after releasing a consultation paper explaining the proposed digital pound, which the public has nicknamed “Britcoin.”

The 116-page consultation paper was jointly released on Feb. 7 by the Bank of England (BoE) and the U.K. Treasury. A technology working paper was also released delving into the technical and economic design considerations.

Read More on Cointelegraph