has taken a major step forward in its exploration of a central bank digital currency (CBDC) with the announcement of a dedicated digital pound lab. The lab looks to explore the potential ...
The Bank of England and HM Treasury are in the design phase for the creation of a digital pound or central ... that digital currency will play a key role in supporting the UK as a global financial ...
A Central Bank Digital Currency is a digital form of a country's fiat currency issued by its central bank. Unlike cryptocurrencies, CBDCs are centralized and regulated by the government.
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