UK to Consult on Central Bank Digital Currency in Coming Weeks
This article is for subscribers only.
The UK government will bring forward a consultation on the case for a central bank digital currency “in the coming weeks,” Chancellor of the Exchequer Jeremy Hunt said on Friday.
The Bank of England will also release a paper setting out technology considerations informing the potential build of a digital pound, Hunt said in a written statement to Parliament. Hunt announced the plan as part of a wider set of reforms to spur the UK’s financial services industry.