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Central bank digital currencies are a long way from becoming reality — unless you’re in China
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cnbc.comDon't expect central banks to issue their own digital currencies anytime soon — that was the message from the Bank of England this week.
The U.K. central bank on Tuesday said it was advancing its exploration of central bank digital currencies, or CBDCs, to a consultation stage that's due to take place next year.
But even if it decides to push ahead with the proposed digital currency, which has been dubbed «Britcoin,» it's unlikely to arrive until at least 2025, the BOE said. And even then, that's only if it's found to be «operationally and technologically robust.»
Anne Boden, CEO of London-based digital bank Starling, said a key question that's still not been answered is which problem Britcoin is trying to solve. Boden is one of several
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