McDermott Comment | Bank Of England To Launch Consultation On Plans For A Digital Pound


Arvin Abraham, fintech attorney at law firm McDermott Will & Emery, said:

“The BoE is taking a measured and thoughtful approach to the potential creation of a digital pound. While CBDC technology can be transformative, a careful evaluation of the costs and benefits of implementing it in the UK is the right approach to determine whether and how to take this forward.”