UK’s CBDC advances with creation of sandbox-like laboratory

Q: How long will it take to read this news story?

The story "UK’s CBDC advances with creation of sandbox-like laboratory" has 1730 words across 41 sentences, which will take approximately 8 - 15 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "UK’s CBDC advances with creation of sandbox-like laboratory" was covered 14 hours ago by CoinGeek, a news publisher based in Canada.

Q: How trustworthy is 'CoinGeek' news outlet?

CoinGeek is a fully independent (privately-owned) news outlet established in 2012 that covers mostly crypto news. The outlet is headquartered in Canada and publishes an average of 4 news stories per day. It's most recent story was published 12 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25279996</li><li>URL: https://beamstart.com/news/uks-cbdc-advances-with-creation-17373622111670</li></ul>

CoinGeek 14h ago

UK’s CBDC advances with creation of sandbox-like laboratory - CoinGeek

Quick Summary:

In its CBDC progress update, the Bank of England announced the creation of a Digital Pound Lab, which works similar to a sandbox, allowing partners to test API functionality and use cases.

The post UK’s CBDC advances with creation of sandbox-like laboratory appeared first on CoinGeek.

The BoE and Treasury added that this response was just the start of the project’s design phase and that respondents’ feedback would help inform the continued work on a digital pound in both technology and policy terms.