Bank of England and Singapore regulator accelerate digital currency probes

Mark Battersby
clock • 5 min read

Bank of England and the UK HM Treasury announced on 9 November that they will conduct a consultation next year into the possible implementation of a UK central bank digital currency. The "next steps on the exploration of a UK Central Bank Digital Currency" (CBDC), which would be a new form of digital money issued by the Bank of England and for use by households and businesses for their everyday payments needs, would exist alongside cash and bank deposits, rather than replacing them. The statement further said in 2022, they will launch a consultation which will set out their assessment...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?