The bank said it will work with the Treasury, Payments Systems Regulator and the Financial Conduct Authority to also ensure the singleness of money is maintained even when stablecoins are involved. That is, making sure all forms of money – cash, bank deposits and so on – are interchangeable with each other.
Related posts
-
Slovenia Sell $32.5M Digital Bond Through Digital Ledger Technology (DLT) and Tokenization
“These initial transactions and experiments with wholesale tokenized central bank money represent an important steppingstone to... -
Zambia De-Dollarization: Central Bank Seeks to Enforce Kwacha as Sole Legal Tender for Domestic Transactions
The Bank of Zambia has defended its de-dollarization plans... -
Digital Shekel Challenge: Bank of Israel Engages 14 Teams for Digital Currency Innovation
The Bank of Israel has initiated the “Digital Shekel...