But the UK’s central bank still hasn’t decided if it will release one. But despite talking about them today, the UK lags behind other countries in the development of such a technology. In a speech today, the Bank of England’s director of fintech, Tom Mutton, said that the central bank had “not yet made a decision on whether or not one is needed.” Mutton said that a CBDC’s tech would be different to Bitcoin’s, “given its performance shortcomings and energy inefficiency.” He added that “the energy consumption of Bitcoin is not typical of all blockchain and distributed ledger based approaches.”