Bailey ‘remains to be convinced’ about retail CBDCs
BoE governor adds that stablecoins must “pass the test of singleness of money”
The governor of the Bank of England has expressed scepticism about the use case for retail central bank digital currencies and the foundations of many stablecoins. He stressed that financial innovations must not be allowed to undermine “the singleness of money”.
In a speech today (June 20) at the National Bank of Ukraine (NBU) in Kyiv, Andrew Bailey said any innovations in digital technologies would need to bring benefits if they were applied to currencies. “I remain to be convinced that we need
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