British authorities will not decide until next year at the earliest on whether to go ahead with a state-backed digital pound that would provide an alternative to payments operated by banks and technology companies.
The Bank of England and Britain’s finance ministry said they would continue preparatory work following a public consultation which drew 50,000 responses, many raising privacy concerns. The BoE and finance ministry said in a joint statement that No final decision has been made to pursue a digital pound – also called a central bank digital currency.
