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Bank of England Considers Shelving Britcoin Project This Summer, Shifts to Monitoring Private Tokenization

2026-05-02 01:05:45

According to Bloomberg, the Bank of England and UK Treasury are discussing slowing the digital pound (Britcoin) project, with a decision originally planned for this summer now likely to be postponed. Regulators want to first observe progress in private-sector tokenization initiatives, such as tokenized deposits, which may deliver similar fast, low-cost payment functions to CBDCs or stablecoins under existing regulatory frameworks. The digital pound faces ongoing concerns over privacy, necessity, and potential impacts on commercial banking systems.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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