The Bank of England has published a discussion paper on central bank digital currency (CBDC). Read a short summary below.
An electronic form of central bank money
A Central Bank Digital Currency (CBDC) would be an electronic form of central bank money that could be used by households and businesses to make payments. The Bank has not yet made a decision on whether to introduce CBDC, and intends to engage widely with stakeholders on the benefits, risks and practicalities of doing so.