Bank of England Governor: Examining whether to create a digital currency backed by the Bank of England

According to Bloomberg News, Bank of England Governor Andrew Bailey said that the Bank of England Bank of England (BoE) is reviewing whether it should create a digital currency backed by the Bank of England. It pointed out, “We will continue to study this, because it can indeed have a huge impact on the nature of payment and society. After a few years, we may develop towards some kind of digital currency.”