Bank of England delays retail digital pound Britcoin
- —Breeden: no urgent need for a retail digital pound right now
- —Tokenised bank deposits could take on CBDC functions
- —Final decision on Britcoin to be announced by year-end
- —Cash use in UK payments fell from two-thirds to 8% over 20 years
Why it matters: Signals the UK may skip a retail CBDC in favour of tokenised deposits and sterling stablecoins.
Source: Bits.media
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