Bank of England Considers Abandoning Digital Pound Plan

By: theblockbeats.news|2025/07/23 06:42:18
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BlockBeats News, July 23rd, According to Bloomberg, the Bank of England is considering abandoning its Central Bank Digital Currency (CBDC) plans. Bank Governor Andrew Bailey stated that if commercial bank payment innovations are successful, he would need "a lot of persuasion" to introduce digital pounds, marking a global decline in support for government-backed digital currencies.

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