LONDON, Feb 4 (Reuters) - The Bank of England and
Britain's finance ministry think that the UK is likely to need
to create a central bank digital currency later this decade, the
Telegraph newspaper reported on Saturday, citing an unreleased
government report.
"On the basis of our work to date, the Bank of England and
HM Treasury judge that it is likely a digital pound will be
needed in the future," the Telegraph quoted Bank of England
Governor Andrew Bailey and finance minister Jeremy Hunt as
saying in the joint report.
"It is too early to commit to build the infrastructure for
one, but we are convinced that further preparatory work is
justified," the Telegraph quoted the report saying.
The Bank of England had not immediate comment on the report.
(Reporting by David Milliken; Editing by Alexander Smith)
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