This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Operating in a sandbox environment, the Digital Pound Lab will ...

Banknotes have changed in colour, shape and material over the decades - but one constant was Queen Elizabeth II. (Bank of England) The Bank of England has announced it is inviting the public to vote ...

LONDON (Reuters) - The removal of British composer Edward Elgar from the 20 pound note is a "national disgrace" as it leaves the arts unrepresented on bank notes, a university music professor said on ...

The Bank of England and HM Treasury are in the design phase for the creation of a digital pound or central bank digital currency. A consultation paper outlined the framework as a precursor to a ...

Interchangeability with cash and bank deposits. The currency would be issued via a central platform operated by the BoE, but users would access the currency via private sector firms (e.g., banks) who ...

The Bank of England (BoE) and HM Treasury in the United Kingdom released their response to a consultation on a central bank digital currency (CBDC) launched in February 2023, saying they intended to ...