Bank Of England Doubtful Of Digital Pound

Boe Governor Dubious Over Need For Digital Pound

Andrew Bailey Was The Governor Of The Bank Of England

Euro Zone Finance Ministers Backed Further Work On A Digital Euro

Bailey Told The Treasury Select Committee That He Wasnt Sure Whether The Digital Pound Was Needed At The Time

He Said That They Have A Wholesale Central Bank Money Settlement System

There Are No Plans To Abolish Cash But Bailey Is Uneasy About The Use Of Retail Pounds

He Said That There Is A Need To Clarify What Problem They Are Trying To Solve

The Boe Governor Isnt Convinced That Retail Payment Systems Need This Sort Of Upgrade At The Moment