{"id":948911,"date":"2025-07-23T08:04:37","date_gmt":"2025-07-23T02:34:37","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=948911"},"modified":"2025-07-23T08:35:49","modified_gmt":"2025-07-23T03:05:49","slug":"bank-of-england-considers-shelving-plans-for-a-digital-pound","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/07\/23\/bank-of-england-considers-shelving-plans-for-a-digital-pound\/","title":{"rendered":"Bank of England considers shelving plans for a digital pound"},"content":{"rendered":"<p>LONDON: Bank of England officials are mulling whether to set aside plans to create a digital pound for households amid growing skepticism about the project&#8217;s benefits, the latest sign of dwindling support for state-backed digital currencies globally. <\/p>\n<p>The BOE has been privately urging the banking industry to instead accelerate payment innovations that could result in similar benefits without the creation of a central bank digital currency &#8211; or CBDC &#8211; for consumers, according to people familiar with the matter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: Bank of England officials are mulling whether to set aside plans to create a digital pound for households amid growing skepticism about the project&#8217;s benefits, the latest sign of dwindling support for state-backed digital currencies globally. The BOE has been privately urging the banking industry to instead accelerate payment innovations that could result in similar benefits without the creation of a central bank digital currency &#8211; or CBDC &#8211; for consumers, according to people familiar with the matter.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-948911","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/948911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=948911"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/948911\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=948911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=948911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=948911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}