The Bank of England has joined forces with MIT to conduct research on issuing a CBDC of its own.
After bashing the cryptocurrency industry for years, the Bank of England has decided to go down the central bank digital currency path by collaborating with MIT. Thus, England’s central bank has become the second such institution to partner with the prominent university on the matter.shared earlier this week informed that the two entities began their collaboration on whether the banking institution should develop and launch a CBDC back in February this year.
It’s worth noting, though, that this research doesn’t necessarily mean that the BoE will launch a CBDC. The Bank of England and its Governor – Andrew Bailey – have been among the most vocal critics of the crypto industry,
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