Bank of England (BoE) chief cashier Sarah John has expressed opinions favoring state-issued digital currencies, according to a Feb. 22 article published by The Telegraph. She urged other central banks to consider developing central bank cryptocurrencies in response to recent moves from private companies’ in the digital payments sector.
John stated that it is “really important” to consider that central banks think about” central bank digital currencies [CBDCs] “as an option” in responding to major tech companies’ efforts to develop stablecoins.
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