Digital Pound Could Present ‘Challenges’ for UK, Says Mark Carney
The outgoing governor of the Bank of England highlighted the potential risks to monetary governance if a central bank digital currency were to be launched in the U.K.
CoinDesk has learned the Bank of England's new settlement system is being built so it can be forwards compatible with a digital currency.
The U.K.'s central bank is discussing the possibility of launching a digital currency, perhaps in several years.
Bank of England Governor Andrew Bailey wants coordinated global regulation around stablecoins as the payment method picks up steam.
The Bank of England will not budge on its design principles for any future CBDC.
Analysts from the U.K.'s central bank said private currencies could work alongside any future CBDC initiative if they offered real utility.