The Bank of England and HM Treasury have announced the membership of the central bank digital currency (CBDC) Engagement and Technology Forums. The creation of these groups was announced in April 2021, alongside the CBDC Taskforce which coordinates the exploration of a potential UK CBDC.
Frontier’s Simon Gaysford will join the CBDC Engagement forum. The Engagement Forum consists of senior stakeholders from industry, civil society and academia to gather strategic input on policy considerations and functional requirements of a CBDC. The Forum will have an important role in helping the Bank and HM Treasury understand the practical challenges of designing, implementing and operating a CBDC.
Simon commented “CBDCs have huge potential to transform payments and banking. But this is a rapidly evolving topic, with new thinking on the opportunities and risks emerging on a regular basis. I look forward to contributing to the Forum.”
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