HM Treasury and the Bank of England (BoE) has considered plans for a digital pound.
A digital pound is likely to be needed in the future according to a consultation paper published by both HMRC and the BoE on 7 February.
If a digital pound is implemented, it would be issued by the BoE and could be used by households and businesses for everyday payments in-store and online.
Furthermore, a digital pound would be interchangeable with cash and bank deposit...
Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@eprivateclient.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAMeprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.
Read more
