Bringing up the need for a new way, the Bank of England is increasing its pressure on the digital pound.
Global central bank digital currency ( CBDC ) studies have gained intensity. Especially Europe, MiCAfocused on digital assets and blockchain. England Centre base also doing similar work. Head of Strategy at the Bank of England William lovell, gave the message that they are pushing for the digital pound.
lovellNoting that people’s payment method and payment method have changed, he underlined the need for a new way.
Bank of England Strikes for Digital Pound
England Centre baseargued that there is a new way free of digital currency risks.
England Centre baseHead of Strategy William lovell, “ As the way people pay changes, the risk profile changes, and so does what we need to do as a central bank. ” said. Lovell’s focus is on a stronger and more efficient digital pound. CBDCbeing made is included.
giving his opinion on the subject lovell, said:
A ten pound CBDC will be like a ten pound note. We think it’s really important to give people this option, as we’re seeing a decline in the use of cash in the UK.
lovellAlso, the Bank of England’s of CBDC He also stated that it fell on him to use it in offline payments. In this context, the cooperation with the Bank of Canada for the digital pound was emphasized.
Bank of Englandat the target CBDC’ It is planned to not access user data and have anti-money laundering efficiency. This new proposed CBDCaims to reduce the risk of banking transactions while ensuring confidentiality.
