A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money.
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A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money.
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A major study between the BIS and the U.K. central bank found a retail CBDC could make peer-to-peer payments cheaper and easier.
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The lawmaker said the regulation will need to be both “pragmatic” and “proportionate” to ensure economic growth is maximized.
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The central bank wants an e-GBP to be retail-focused and could form part of a “mixed payments economy” alongside cryptocurrency stablecoins.
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