BoE: Central Bank Digital Currency May ‘Strengthen’ Monetary Policy

According to research from the Bank of England (BoE), a central bank issued digital currency has the potential to revolutionize monetary policy.BoE Studies Risks and Benefits of Central Bank-Issued Digital Currency
The BoE has been researching how a central bank digital currency (CBDC) would work in practice. It authored a research paper which claimed an important ‘step forward’ in the design of a currency. Accordingly, it stated that it would not leave commercial bank vulnerable &md