Bank of England and U.K. Treasury create CBDC task force with plans to launch CBDC

posted 5 months ago
The Bank of England and Her Majesty's Treasury have jointly announced the creation of a Central Bank Digital Currency (CBDC) task force in an April 19 press release.

The U.K.'s digital currency will be used for businesses as well as households, complementing existing payment methods such as cash and deposits rather than replacing them.
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