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Three considerations for design of the digital pound
The Bank of England is currently in the design phase for a potential UK retail central bank digital currency: the digital pound. A Barclays report finds there are three use cases that demonstrate the design options for supporting functional consistency across the digital pound and commercial bank money. The Bank of England and UK Treasury have published a consultation paper and a technology working paper that describe the Bank’s ‘platform model’ for the digital pound. This comprises the Bank of England operating a digital pound core ledger and providing access via application programming interfaces to ... (full story)