BoE keeping ‘open mind’ on central bank digital currency – Carney
But “it could be some time” before private accounts are available at BoE, if they are ever offered
The Bank of England is keeping an “open mind” on the issue of central bank digital currencies (CBDC), governor Mark Carney said during an online Q&A today (January 9).
Nevertheless, “in all likelihood, it could be some time, if ever, before private accounts would be available from the BoE”, the governor said, highlighting several pros and cons to offering a CBDC.
A CBDC would entail offering the general public access to accounts at the central bank. Money in the accounts would be central bank
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