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United Kingdom: Creation of Central Bank Digital Currency (CBDC) Taskforce

Progress

Current status
adopted
19 Apr 2021 adopted

Scope

Implementers
United Kingdom
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national

Timeline of events

19 Apr 2021
adopted

Established Central Bank Digital Currency (CBDC) Taskforce

On 19 April 2021, the Central Bank Digital Currency (CBDC) Taskforce was announced by the Bank of England (BoE) and HM Treasury. A potential CBDC would be backed by the BoE, the UK's central bank. According to the BoE, a CBDC would exist exchangeabl…

Source
Event type order
Action type adoption
Government branch executive
Government body central bank

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