PayPal, Google, Visa and MasterCard will help the Bank of England in the study of state cryptocurrencies – Bits Media

The Bank of England revealed the composition of the working groups, which will help the regulator in studying the prospects of state cryptocurrencies. They included representatives of PayPal, Visa, Google, Mastercard, Consensys and others.

The British regulator collected
Two "Forums" - CBDC Engagement Forum and CBDC Technology Forum. Participants the first will discuss the prospects of state digital currencies in terms of regulation, influence on society and the necessary functionality. And the "Technological Forum" will work technological issues of the development of digital currencies.

The meeting of Technology Forum participants should take place at the end of September. Considering, that today is September 30, The last day of the month, then the meeting should go today. CBDC Engagement Forum participants will meet later. In total, the working groups entered 58 participants. In addition to technological companies, working groups included representatives of banks, national associations and associations.

Recall, that so far there is no certain decision to issue digital pounds sterling. However, even in May, Deputy Manager of England John Canliff (John Cunliffe) stated, that the release of state cryptocurrency is possible, But only in that case, if "state money" is not lost popular.