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
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…
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
central bank