Author: Kate Engelsberger

  • BoA U-turn: digital pound facing the end?

    BoA U-turn: digital pound facing the end?

    -

    from

    Kate Engelsberger
    in

    According to insiders, the Bank of England is considering shelving its plans for a digital pound. Instead, banks are to develop alternative payment solutions. The central bank is thus following a global trend of growing skepticism towards digital central bank currencies.According to people familiar with the matter, the Bank of England (BoE) is considering shelving its plans for a digital pound....