What is a digital pound and how would I use it?
by Henry Saker-Clark
Jan 25, 2024
3 minutes
The Bank of England and the Government have said they will continue to work on designs for a digital pound but are still undecided about whether to launch the potential digital currency.
The Bank and the Treasury launched a consultation in February last year over the so-called central bank digital currency (CBDC), and said on Thursday it will not decide whether to go ahead with it until at least next year.
If they choose to launch the digital pound, it could start to replace banknotes and coins amid a continued decline in the
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