BoE poll signals convertibility is key to CBDC demand

FX currencies

Convertibility will be the most important factor in influencing demand for a retail central bank digital currency, according to a new poll conducted by the Bank of England.

While the BoE has not yet made a decision on whether to introduce CBDC, today (April 7) it began engaging with stakeholders on the benefits, risks and practicalities of doing so.

Just over 1,200 participants took part in the webinar discussion. During the event, the central bank polled people on a number of areas including

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