Digital pound

By the close of this decade, as many as 15 central bank digital currencies (CBDCs) might be operational worldwide, according to a survey conducted by the Bank for International Settlements (BIS). The Switzerland-based institution, which is under the ownership of 63 central banks accounting...

UK lawmakers want to treat cryptocurrency trading like gambling. The recommendation comes as regulators become increasingly vocal about the substantial risks these digital assets could pose to consumers. What Happened: Members of Parliament are worried that treating consumer crypto trading as a...

The Bank of England has put forward a proposal to launch a digital currency that would be solely issued by the central bank that could be used by households and businesses for their everyday payments, allowing individuals to access their funds via a digital wallet accessible through smartphones or...