Despite the widespread consultations on the subject, the project is not yet ready. Soon after revealing plans to explore the use of a central bank digital currency (CBDC) and issue a digital pound,…
Tag: pound
Bank of England (BoE) Unveils Design Phase of Digital Pound as Retail CBDC
The consultation paper for Digital Pound notes that the e-GBP will be launched in public-private partnership to boost retail adoption. On Tuesday, February 7, the Bank of England and the UK Treasury…
Bank of England and Treasury to Launch Digital Pound but It Won’t Replace Cash
Despite the widespread consultations on the subject, the project is not yet ready. Following a three-year collaboration, the Bank of England (BoE) and the United Kingdom’s Treasury are ramping up plans for…
Bank of England and UK Treasury Supports ‘Digital Pound’ Project, Says UK is Likely To Need CBDC
The Bank of England (BoE) and UK Treasury are set to back the development of the British central bank digital currency (CBDC), popularly known as “Britcoin” or “digital pound.” The discourse of…
UK Treasury Looking for CBDC Head to Develop Digital Pound
The expert will work on delivering the strategic goals of the UK Treasury within its CBDC ambitions, lead the expanding CBDC team, analyze CBDC policy issues, as well as represent and advance the Treasury’s…
Bank of England to Backtrack on Digital Pound as Digital Euro Receives Major Boost
Several nations trying to adopt CBDCs have maintained that digital currencies should only complement cash rather than outrightly replace them. Andrew Bailey, the Bank of England (BoE) governor, has shared his thoughts…
UK exploring a digital pound
A digital pound could be launched in the U.K. as part of the country’s effort to introduce better regulation to the crypto industry. Jeremy Hunt, the Chancellor of the Exchequer, announced that…
BTC Pound Volume Skyrockets To All-Time High Amid Currency Turmoil
Bitcoin is showing signs of recovery, recording a 5.3% price pump for the past week to trade at $20,129, according to tracking from CoinGecko as of this writing. Here’s a quick look…
Bitcoin Beats The British Pound In Trading Volume As GBP Falls Apart
Bitcoin (BTC) trading volumes against the British pound (GBP) surged to a new high after the Sterling wobbled on Tuesday, prompting market experts to speculate that investors scrambled to dispose of the Pound in exchange…
British pound drops to all time lows against the dollar
On Sept. 16, 1992, the British pound dropped to its all-time low. The day has since become known as “Black Wednesday,” or the day George Soros broke the Bank of England. The…
