If confirmed, this would be great news. The original article appears to be from Bloomberg but does not let you read it without being logged in:
https://www.bloomberg.com/news/articles/2025-07-22/bank-of-england-considers-shelving-plans-for-a-digital-pound?srnd=phx-cryptoAlthough summaries can be found in
other articles referencing the topic:
Just days after U.S. lawmakers advanced a bill opposing the development of a central bank digital currency (CBDC), the Bank of England (BoE) is reportedly stepping back from its digital pound ambitions.
According to people familiar with the matter , BoE has reached out to private-sector players, urging them to explore and accelerate alternative payment solutions.
The goal? Replicate the benefits of a CBDC—without actually building one.
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Over 180 countries were working on some form of CBDC just a few years ago. But in 2025, that momentum is slowing—fast.
The shift largely mirrors the United States’ decision to halt its own CBDC plans.
With the Trump administration now openly backing stablecoins over state-run digital currencies, countries worldwide are rethinking their approach.
Here’s a snapshot of countries that have officially shelved or deprioritized CBDC development:
Denmark
Ecuador
Senegal
Finland
United States
Switzerland
Japan
What I wonder now is, if this is confirmed, what will happen to the EU? So far what they are doing is accelerating the launch of the Euro CBDC. Are they going to be left alone in the race or will decisions like this make them rethink things?