The Bank of England, the UK’s independent regulator of finance and currency, is said to be looking ahead to the future with a drive to explore digitisation options across its operations, and as part of the public offering of currency-related tools and materials.
The innovations aren’t set in stone at present, but normal discussions are underway to fact-find and to ascertain facts on the ground.
While this reassures some in the financial services industry, by example, that one of the oldest financial institutions in the world is seeking to move on with the times, there are doubts about the costs and efficiency gains involved.
If enthusiasm for crypto is moving Bank experts to think in such a way, confidence is going to be low on any outcome from negotiations.