The BritCoin has moved into its design phase, but questions remain over the role of the private sector, what infrastructure will be used, as well as privacy.
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On 7 February 2023, the Bank of England (“BofE”) and His Majesty’s Treasury (“HMT”) jointly published a consultation paper (the “Consultation Paper”) on the development of a UK central.
Key developments of interest over the last two months include: the Central Bank of Ireland publishing a Dear CEO letter to the payments industry; the Bank of England and HM Treasury.