Is the Bank of England's CBDC announcement overdue?
News in your inbox Channels Editorial | what does this mean? This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Is the Bank of England’s CBDC announcement overdue? 5 hours ago Chancellor Rishi Sunak recently announced several significant updates to enhance the UK’s competitive advantage in fintech, one of which pertains to exploration of a retail central bank digital currency (CBDC). A CBDC is a central bank-issued digital money, denominated in the national unit of account, represen...
Source: finextra.com