PANews May 2 news, according to Bloomberg, the UK Treasury and the Bank of England are discussing slowing down the progress of the "Britcoin" digital pound project. The decision, which was originally scheduled for this summer to "advance or halt," may be changed to a temporary delay. It is reported that regulators want to observe banks’ progress in areas such as tokenized deposits, which may enable some private innovations to achieve functions similar to CBDC or stablecoin for quick, low-cost payments within the existing regulatory framework. The digital pound is currently nearing the end of the design phase, but faces public, parliamentary, and some official doubts regarding privacy, necessity, and its impact on the commercial banking system. Internal research by the Bank of England also shows that as digital payment methods improve, the marginal benefits of launching a retail CBDC are declining.

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