The Bank of England and HM Treasury take another step towards a U.K. CBDC.

On today’s episode, NLW looks at the news that the U.K. has released a public consultation paper on a digital pound. While the British government hasn’t fully greenlit a U.K. central bank digital currency, the announcement argues “the Bank of England and HM Treasury judge that it is likely a digital pound will be needed in the future.” NLW also looks at progress on an Indian digital rupee as well as catches up on Federal Reserve Chair Jerome Powell’s comments in Washington, D.C., on Tuesday afternoon.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Sylvain Sonnet/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

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