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A public consultation on the digital pound lasting four months was announced on 6 February 2023. [2] A final decision on the implementation of a digital pound would be expected around 2025, with consumer usage expected in the late 2020s. [2]
The Bank and Treasury have opened a four-month consultation process into the potential launch of a digital currency. Britons would initially be limited to £20,000 of digital pound – Bank of England
Decision on digital pound over two years away, Bank of England says. January 14, 2025 at 7:50 AM.
Contrasting attitudes towards digital currencies were demonstrated by developments in the UK and Switzerland in February 2023. The UK Treasury and the Bank of England said a state-backed digital pound was likely to be launched some time after 2025.
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In August 2023, Circle and Coinbase dissolved the Centre Consortium, the entity responsible for managing USDC since 2018. This decision granted Circle full governance over USDC. [14] In February 2024, Circle discontinued USDC on the TRON blockchain following a risk management review. Although the minting of new USDC tokens halted on 21 February ...
In March 2023, The Central Bank of the United Arab Emirates (CBUAE) announced the commencement of the implementation of the CBUAE Central Bank Digital Currency (CBDC) Strategy. [65] In October 2023, the United Arab Emirates enacted Federal Law No. 54 of 2023, broadening the definition of currency to include a “National Digital Currency ...
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