Bank of England moving towards its own Central Bank Digital Currency (CBDC)

Bank of England plots its own bitcoin-style digital currency

The Bank of England could approve its own Bitcoin-style currency within a year. A research unit set up by the bank to investigate the possibility of issuing a crypto-currency could report back within the next 12 months, paving the way for the system to be introduced. The new currency would be linked to the value of sterling and could allow people to keep their money with the central bank itself, cutting out the need for a retail bank.

This development is important for the Global 4C policy, because it provides a working example for a new narrative for Complementary Currencies for Climate Change (4C). 4C would be a new type of international Central Bank Digital Currencies (CBDC) that prices risk; and would specifically price the climate systemic risk into the economy.

See the article here: NZ Herald