UK Digital Pound event

cbdc · PageRank 0.0060

Also known as: Britcoin, Digital Pound

Overview

The digital pound is a proposed retail central bank digital currency for the UK, explored jointly by the Bank of England and HM Treasury. The Bank's design phase covers experiments and proofs of concept with private-sector firms, a detailed blueprint, the Digital Pound Lab and stakeholder engagement, and runs to 2026. The stated design intent is a digital pound seamlessly exchangeable with cash and bank deposits, preserving a uniform and accessible means of payment. No decision to proceed has been taken; the findings feed a joint Bank–HM Treasury assessment ahead of a decision on next steps in 2026.

Within the DeFi Intel graph, UK Digital Pound connects to 8 tracked entities, most strongly to Bank of England, Bank of England, Jon Cunliffe.

Relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 8 of 8 total).

Frequently asked questions

Has the UK decided to issue a digital pound?

No. The Bank of England has stated that no decision has been made on whether to proceed; a joint assessment with HM Treasury precedes a decision on next steps in 2026.

What is the Digital Pound Lab?

It is the Bank of England's practical experimentation environment, used alongside proofs of concept with private-sector firms to test how a digital pound could work in the real world.

How would a digital pound relate to cash?

The Bank's design intent is that a digital pound would be seamlessly exchangeable with cash and bank deposits, ensuring the continuity of a trusted, uniform and accessible means of payment.