Digital pound launch undecided amid privacy concerns, says Bank of England
The Bank of England and the Government have said they have not yet decided whether to launch a digital pound after months of gathering feedback from about 50,000 responses.
The Bank and the Treasury launched a consultation in February last year over the so-called central bank digital currency (CBDC).
A design for the system is currently being drawn up, which could see digital money used by households and businesses in the UK alongside cash and bank deposits.
— Bank of England (@bankofengland)
