The Bank of England said Wednesday that it has staffed up a pair of third-party working groups that will collectively provide input as the U.K. central bank pursues initiatives related to central bank digital currency (CBDC).
The central bank’s published lists include notables from the neobank and payments worlds, as well as several companies associated with the crypto space. Specific members of note in either the Engagement Forum and Technology Forum include PayPal, Monzo, Starling, Checkout.com, ConsenSys, R3, Visa and Mastercard, among others.
Per the BoE’s release, the purpose of the Engagement Forum is to “gather strategic input on policy considerations and functional requirements pertaining to CBDC.” Conversely, the Technology Forum will “help the Bank to understand the technological challenges of designing, implementing and operating a CBDC.”
Whether the Bank of England will definitively pursue a CBDC remains an unsettled question, though the central bank has indicated throug
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