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The UK Treasury and central bank will hold a consultation on the CBDC so that Cointelegraph can be launched by 2030

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The Bank of England and the UK Ministry of Finance plan to launch a consultation on the potential expansion of the central bank’s digital currency from 2022 onwards.

In a statement Tuesday, the Bank of England he said A digital pound consultation with HM Treasury would consider design features, benefits, and implications for users and businesses, as well as other important issues. The results of the 2022 consultation will determine whether the UK authorities intend to move forward with the central bank’s digital currency or the CBDC.