The Bank of England is to forge ahead with developing a digital pound, despite conceding that apps used to access the new currency could track users’ location and spending habits.
The Central Bank of Egypt (CBE) is actively considering the issuance of a digital pound in collaboration with the International Monetary Fund (IMF) and the World Bank, aiming to propel the country's digital transformation.. Director of the Cairo Center for Economic and Strategic Studies, Abdel Monem Al-Sayed, told Al-Masry Al-Youm that the digital pound is
The Bank of England and finance ministry have said an electronic form of the pound is likely in the second half of the decade, as 130 countries consider similar moves to keep abreast of technological advances in payments.