All the updated news related to digital pound

All the news related to digital pound updated in real time

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What is a digital pound and how would I use it?

The Bank of England and the Government have said they will continue to work on designs for a digital pound but are still undecided about whether to launch the potential digital currency. The Bank and the Treasury launched a consultation in February ...

25 Jan 2024 at 13:11

Digital pound launch undecided amid privacy concerns, says Bank of England

The Bank of England and the Government have said they have not yet decided whether to launch a digital pound after months of gathering feedback from about 50,000 responses. The Bank and the Treasury launched a consultation in February last year ...

25 Jan 2024 at 13:14

Benefits of ‘digital pound’ unclear but Government should keep exploring – MPs

The benefits of a so-called digital pound are still unclear and if it is launched there must be systems in place to protect cash access and privacy, a group of MPs has said. The Treasury Select Committee said that the Bank of England and the ...

02 Dec 2023 at 00:01

UK digital currency ‘likely to be needed’, say Treasury and Bank of England

A state-backed “digital pound” could be launched later this decade as the Bank of England and Treasury set out a road map to potentially introduce a new central bank currency. The Bank and the Government will formally start a consultation ...

06 Feb 2023 at 22:30

Britons would initially be limited to £20,000 of digital pound – Bank of England

Britons would be limited to holding a maximum of £20,000 of digital currency if the Bank of England and Treasury push ahead with proposals for a digital pound, the Bank’s deputy governor has said. The Government said late on Monday that ...

07 Feb 2023 at 17:05

What is a digital pound and how would I use it?

The Treasury and the Bank of England are designing a “digital pound” which could be launched by the end of the decade. It could start to replace banknotes and coins amid a continued decline in the use of cash. Efforts by the Government ...

07 Feb 2023 at 11:54

City

Bank of England boss not ‘convinced’ of need for digital pound

The governor of the Bank of England has said he is not “convinced” by new forms of money such as a digital pound, as he also warned over the use of cryptocurrencies. Andrew Bailey, speaking at a conference in Kyiv, Ukraine, said ...

20 Jun 2025 at 10:11

‘Urgent’ need for digital reform of banking payments, says Bank of England boss

Bank of England governor Andrew Bailey has said that “urgent” reforms of retail banking payments should be a priority as he remains to be “convinced” over the need for a digital pound. In his annual Mansion House dinner speech, ...

15 Jul 2025 at 21:00

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