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CBDC - the next milestone in the evolution of payments? - Chris Glennie at CMS Law
CBDCs are here to stay and will likely form an important part of the future payments landscape. 2023 looks as if it could well be a pivotal year for CBDCs, with a number of central banks looking to progress work on a retail and/or wholesale CBDC. In the UK, the Bank of England is currently consulting on the introduction of a digital pound and judges it likely that a digital pound will be needed in the future. A key question will be how a CBDC fits in with other forms of payment and also the legal framework that underpins it.
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By James Tylee / Jonny FryCBDCs are here to stay and will likely form an important part of the future payments landscape. 2023 looks as if it could well be a pivotal year for CBDCs, with a number of central banks looking to progress work on a retail and/or wholesale CBDC. In the UK, the Bank of England is currently consulting on the introduction of a digital pound and judges it likely that a digital pound will be needed in the future. A key question will be how a CBDC fits in with other forms of payment and also the legal framework that underpins it.
Full Article Here