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Bank Of England Governor Signals Central Bank Digital Currency Is Coming

Bank Of England Governor Signals Central Bank Digital Currency Is Coming
Dividend Day at the Bank of England, 1859

As confirmed by several economic outlets, including Bloomberg, Bank of England governor Andrew Bailey took part in a VTALK with students this past Monday for Speakers for Schools. When the subject of digital currency came up, Bailey said:

We are looking at the question of, should we create a Bank of England digital currency. We’ll go on looking at it, as it does have huge implications on the nature of payments and society. I think in a few years time, we will be heading toward some sort of digital currency.

The digital currency issue will be a very big issue. I hope it is, because that means Covid will be behind us.

Whilst only a short quote, there are several strands to pick up on here…

To read more visit Steven Guinness.

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