BoE published a discussion paper on central bank digital currency today. Governor Andrew Bailey said in the release, “we live in an increasingly digitalized world where the way we make payments and use money is changing rapidly.”
“The prospect of stablecoins as a means of payment and the emerging propositions of CBDC have generated a host of issues that central banks, governments, and society as a whole, need to carefully consider and address. It is essential that we ask the difficult and pertinent questions when it comes to the future of these new forms of digital money,” he added.
