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Bank of England and HM Treasury respond to digital pound consultation
The Bank of England (the Bank) and HM Treasury have today published their response to the consultation on a digital pound that was launched in February 2023. No final decision has been made to pursue a digital pound - also called a central bank digital currency (CBDC). Work will continue during the design phase exploring its feasibility and potential design choices. This will look at how a digital pound could be used in the UK economy, providing greater choice, convenience and innovation for households and businesses making and accepting everyday payments. As part of broader work on payments innovation, the work will ... (full story)