UK government establishes central bank digital currency task force

Cointelegraph

Published Apr 19, 2021 05:37AM ET

Updated Apr 19, 2021 07:40AM ET

Her Majesty’s Treasury and the Bank of England have begun preliminary central bank digital currency studies that could result in the creation of a national digital currency.

In a document published by HM Treasury, the exchequer announced the creation of a CBDC taskforce in collaboration with the U.K.’s central bank.

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