{"id":53478,"date":"2021-11-24T17:10:50","date_gmt":"2021-11-24T15:10:50","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53478"},"modified":"2025-09-03T15:17:54","modified_gmt":"2025-09-03T12:17:54","slug":"bank-of-england-sees-cbdc-as-the-next-step-in-the-evolution-of-money","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bank-of-england-sees-cbdc-as-the-next-step-in-the-evolution-of-money\/","title":{"rendered":"Bank of England sees CBDC as the next step in the evolution of money"},"content":{"rendered":"<p>Around 20% of deposits by individuals and corporations could move to the digital national currency (CBDC). Such estimates <a href=\\\"https:\/\/parliamentlive.tv\/event\/index\/ae9f23e6-caa8-4e03-8dd9-9ce1be44185f\\\">provided<\/a> Deputy Governor John Cunliffe.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cAccording to our conservative assumptions, about a fifth of all deposits [\u2026] could move from the banking system into central bank digital money,\u201d he explained.<\/p>\n<\/blockquote>\n<p>The official pointed to threats from the cryptocurrency market to the country\u2019s financial system. The programmable properties of digital assets will drive a similar revolution in the functionality of money, the official added.<\/p>\n<p><a href=\"https:\/\/forklog.com\/en\/news\/bank-of-england-to-hold-public-consultations-on-digital-pound-in-2022\">announced<\/a> a public discussion in 2022 on launching a digital pound, the UK Treasury and the Bank of England said.<\/p>\n<p><a href=\"https:\/\/forklog.com\/en\/news\/bank-of-england-advertises-vacancies-for-cbdc-research-group\">posted<\/a> seven vacancies in a CBDC research group.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Around 20% of deposits by individuals and corporations could move to the digital national currency (CBDC). These estimates were provided by Deputy Governor John Cunliffe.<\/p>\n","protected":false},"author":1,"featured_media":53479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[216,1095,1269],"class_list":["post-53478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bank-of-england","tag-cbdc","tag-cryptocurrencies"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=53478"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53478\/revisions"}],"predecessor-version":[{"id":53480,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53478\/revisions\/53480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/53479"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=53478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=53478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=53478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}