TechFlame news, July 22. According to the Gold10 data report, people familiar with the matter revealed that Bank of England officials are considering suspending the public-facing digital pound plan. The Bank of England has privately urged the banking sector to accelerate payment innovation to achieve similar benefits without introducing a CBDC. The Bank of England said it still hopes to retain the ability to launch a CBDC if necessary, but if the private sector continues to introduce new electronic payment technology and its staff believe it is driving the decline in digital pound earnings

, the central bank is willing to take a step back.