The Bank of England (BoE) and HM Treasury are jointly creating a Central Bank Digital Currency (CBDC) Taskforce to coordinate the exploration of a potential UK CBDC.
A CBDC would be a new form of digital money issued by the Bank of England to be used by households and businesses.
It would exist alongside cash and bank deposits, rather than replacing them.
The Government and the BoE have not yet decided whether to introduce a CBDC in the UK, and will engage with st...
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