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CBDC Incoming? Bank of England Advances Digital Pound Project with New Testing Laboratory
The Bank of England has announced the advancement of its central bank digital currency (CBDC) project by creating a new testing laboratory. The digital pound, if implemented, would be a significant development in the financial sector.
According to the latest update from the BoE, no final decision has been made regarding the implementation of a digital pound, with the earliest possible launch set for the second half of this decade. This new laboratory will serve as an environment for testing and experimenting with various aspects of CBDCs.
Source: blockonomi.com
