Bank of England to Assess Digital Pound After Design Phase, Launch Digital Pound Lab in Next Couple of Years

The Bank of England (BOE) has announced that no decision has been made regarding the implementation of a digital pound. The bank will enter a design phase over the next couple of years, after which it, along with the government, will assess the policy case for a digital currency and determine whether to proceed. Additionally, the BOE plans to launch a Digital Pound Lab as part of this initiative.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.