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UK government and central bank tease CBDC consultation
The UK’s Treasury and the Bank of England are preparing the groundwork for a potential central bank digital currency to launch this decade, with a report on the issue to be published on Tuesday morning, according to an announcement from the British government. Coming just a few days after the UK government released its report on broader crypto regulation calling for input from stakeholders, this consultation outlines more details about what a digital pound may entail, while seeking public comment. UK Economic Secretary to the Treasury Andrew Griffith promised the report last month, while also looking to assuage ... (full story)