Policy paper

Terms of Central Bank Digital Currency Taskforce: Terms of Reference

This document sets out the Terms of Reference for the Central Bank Digital Currency (CBDC) Taskforce.

Documents

Central Bank Digital Currency Taskforce: Terms of Reference

Details

HM Treasury and the Bank of England have established the Central Bank Digital Currency (CBDC) Taskforce to coordinate the exploration of a potential UK CBDC.

The purpose of the Taskforce is to ensure a strategic approach to, and to promote close coordination between, the UK authorities as they explore CBDC. The Taskforce is co-chaired by the Deputy Governor of the Bank of England, Jon Cunliffe, and HM Treasury’s Director General of Financial Services, Katharine Braddick.

The Government and the Bank of England have not yet made a decision on whether to introduce a CBDC in the UK.

Published 19 April 2021