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Bank of England (BoE) Chief Cashier and Director for Notes, Victoria Cleland, recently gave a speech highlighting the Bank's work on central bank-issued digital currency (CBDC).
Clelands keynote presentation was given at the second international workshop for P2P Financial Systems in London on Sept. 8 and 9.
The BoE co-sponsored the event with Bank of Canada, Deutsche Bundesbank, House of Finance, Federal Reserve Bank of St. Louis, and UCL Research Centre, bringing together scholars, regulators, and practitioners.
“We are undertaking more fundamental long-term research on the wide range of questions posed by the potential of a central bank-issued digital currency [...] We need to understand the potential economic impact of extending access to central bank money.”
Bank of England is thinking about electronic money put directly into circulation, bypassing the banks...