Commentary On Bank Of England And HM Treasury s Decision To Create A CBDC Taskforce, Paolo Ardoino, CTO, Tether Date
19/04/2021
Speaking at Fintech Week, the British Chancellor Rishi Sunak set out new initiatives to ensure the UK remains at the cutting edge of digitalising financial services.
A new Taskforce, bringing together HM Treasury and the Bank of England, will be established to explore a possible UK central bank digital currency (CBDC). Two new forums will also be established to engage technical experts, and key stakeholders (including financial institutions, merchants, business users, civil society groups, and consumers) through the process.
Commenting on the Chancellor s announcement, Paolo Ardoino, CTO at Tether said:
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