It comes as several central banks race to figure out their own strategies for central bank digital currencies, or CBDCs.Fifty and twenty pounds bank notes and a bitcoin logo are seen in this photo illustration.LONDON — Britain is the latest country to join a"We're launching a new taskforce between the Treasury and the Bank of England to coordinate exploratory work on a potential central bank digital currency," U.K.
The U.K. government hasn't yet decided whether to introduce a digital version of the British pound, but said it would explore the "objectives, use cases, opportunities and risks" involved if it were to proceed. The Bank of England will also set up a unit within the institution dedicated to exploring a central bank digital currency.
It comes as several central banks race to figure out their own strategies for central bank digital currencies, or CBDCs. The rise of
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