Digital Pound Benefit Assessment Conducted in UK as CBDC R&D Intensifies

The UK is pacing up its efforts to understand the possible outcomes of rolling out a digital Pound CBDC. On the order of the UK Parliamentary Committee and the House of Commons, the Bank of England and the UK Treasury have analysed the benefits that could entail the launch of this CBDC. The reason is that Britain is trying to avoid excessive expenditure on CBDC pilot and trials. The Bank of England (BoE) has begun its due consideration on…