Central Bank Digital Currency for the UK
Monday, July 5, 2021
Summary
The CfM panel of experts on the UK economy is nearly unanimous in agreeing that a Bank of England-issued digital currency would benefit the British economy. Half of the panel also believes that a digital currency would have limited impact on the UK banking system.
Background
The June 2021 CfM survey asked the members of its UK panel to assess the benefits of a Central Bank Digital Currency (CBDC) to the UK economy and its potential risks to the UK banking sector.
Central Bank Digital Currencies