Bank of England Considers Abandoning Digital Pound Initiative
According to a report by Bloomberg cited by Jinse Finance, the Bank of England is considering abandoning its central bank digital currency (CBDC) initiative. Governor Andrew Bailey stated that if payment innovations by commercial banks prove successful, he would need to be "strongly convinced" before introducing a digital pound. This signals a global decline in support for state-backed digital currencies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump: Suspect in the attempted assassination of Charlie Kirk has been detained
Fidelity: Data Indicates Bitcoin May Be Entering a Mature Phase Surpassing High-Risk Assets
Moody's: Due to uncertainty, the Bank of Japan will continue to stand pat
Analyst: Fed rate cuts will lead to continued weakness of the US dollar
Trending news
MoreCrypto prices
More
