Comment from CryptoUK on CBDC joint announcement from the Bank of England and HMT
News & Media
  • CryptoUK
  • 7 February, 2023

Following the joint announcement from the Bank of England and HMT on the consultation ‘The digital pound: a new form of money for households and businesses’, Ian Taylor, Board Advisor at CryptoUK, comments:


“We welcome today’s news that the Bank of England and His Majesty’s Treasury has announced a roadmap to a digital pound. This will bring the UK in line with the European Central Bank and a growing number of forward-thinking nations including many G7 countries, which are exploring the benefits of this payment instrument.

“We look forward to discussing the positive impact a UK central bank digital currency (CBDC) could have on financial inclusion, stability and operational efficiency in an increasingly cashless society with policymakers and regulators. We will also look for opportunities to collaborate with other associations here in the UK and globally, and connect with other jurisdictions in the process of developing and implementing their own CBDC solutions.”