The UK’s proposed central bank digital currency (CBDC) has entered the next stage of its design phase after the Bank of England (BoE) and the Treasury on January 25 issued a joint response to last year’s public consultation. 

The consultation was published in February 2023 and received more than 50,000 responses. The report published yesterday outlines some of the properties of a potential “digital pound”. The design phase is expected to last until around 2025, after which a decision about