While a retail digital pound is a hot topic of crypto discussion in the UK, wholesale solutions are steadily brewing in the background.
While a retail digital pound is a prime topic of crypto discussion in the UK, wholesale solutions are steadily brewing in the background.
“The question is not should we try and exploit the new technologies for wholesale. We should, and we’re looking at how to do that [...] and what’s the quickest way,” Bank of England Deputy Governor Jon Cunliffe told the Treasury Committee on Tuesday. However, Cunliffe said that “it's more likely than not" that the digital pound will move forward as the central bank looks to fill the gap as the use of physical cash declines.a consultation paper on the digital pound earlier in February, the Bank of England and HM Treasury are looking to hear public feedback on design choices — including topics of security, resiliency and privacy.
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