The governor of the Bank of England has expressed doubts about the necessity of a digital pound
2025-06-22 01:08:11
The Bank of England governor on Friday cast doubt on the need for a digital pound, casting a shadow over the outlook for the country's central bank's digital currency plans. Mr. Bailey said he had not yet been "convinced of the need to create new forms of money" to reap the benefits of advances in payments technology, such as smart contracts and anti-fraud measures. The statement could mean the UK government needs to reassess the pace of its digital currency strategy.
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