Like many other central banks around the world, the Bank of England is still thinking about developing its own digital currency.
The Bank of England’s governor today slammed Bitcoin as a substandard method of payment but reiterated the bank’s interest in central bank digital currencies (CBDC) and stablecoins.
Despite the interest in a centrally planned digital currency, the UK’s top banker still didn’t reveal much on whether the country had advanced in its development of such a currency.
Source:
https://decrypt.co/40764/bank-of-england-bitcoin-stablecoins-cbdcs