Bank of England (BoE) Governor Andrew Bailey said Monday that the institution is still debating whether it should create a central bank digital currency (CBDC).
Speaking at a webinar event, Andrew Bailey admits a CBDC will be a reality in the next few years. He, however, does not provide a time frame of when the discussions are expected end.
The latest comments by the BoE appear to part of the bank’s continuing public statements reaffirming support for the creation of a digital version of the sterling.
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