BoE tackles ‘difficult and pertinent’ questions about digital money
The Bank of England has published a new discussion paper that tries to gauge the systemic implications of both private stablecoins and a central bank digital currency. The Bank of England is continuing to devote significant resources to researching digital money in both private and public forms. With an eye on both the domestic and international context, the central bank’s latest discussion paper, published June 7, outlines the role and possible developments of both in the ongoing evolution of money.Commenting on the paper’s publication, BoE governor Andrew Bailey said that “the prospect....
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