Centralising Cryptocurrencies: What’s Next for the UK’s Digital Pound?

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Responses to the joint Bank of England and HM Treasury consultation paper on a “digital pound” are in, with over 50,000 submissions in total. The scale of feedback shows significant interest in a discussion which could pave the way for wide-reaching reform of the UK payments sector. Both the Bank of England and HM Treasury have indicated that it is too early to decide whether to introduce a digital pound……
By: Skadden, Arps, Slate, Meagher & Flom LLP
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