According to a report by Bloomberg on June 22, Andrew Bailey, the Governor of the Bank of England, questioned the necessity of launching a digital pound, casting a shadow over the prospects of the UK's Central Bank digital currency plans. Bailey stated that he has not been "convinced of the need to create a new form of money" to reap the benefits of advancements in payment technology, such as smart contracts and anti-fraud measures. This statement may imply that the UK government needs to reassess the pace of its digital currency strategy.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)