UK launches taskforce for a potential Bank of England digital currency
Governments across the world are becoming serious about developing central bank digital currencies (CBDCs). They believe the time is right to digitalize their financial system. The United Kingdom is the latest to join the CBDC train after launching a task force to handle the potential development of a digital currency.
BOE and UK Treasury to work on potential CBDC
British finance minister Rishi Sunak announced earlier today that the United Kingdom had formed a new task force for a potential Bank of England central bank digital currency. The group has also been tasked with handling other measures to promote international share-trading.Sunak announced this while speaking at a financial industry conference earlier today. He stated that “We’re launching a new task force between the Treasury and the Bank of England to coordinate exploratory work on a potential central bank digital currency. Alongside this, we will set up a new financial market infrastructure ‘sandbox’ for firms innovating with technologies like distributed ledger technologies.”
The announcement shows that the United Kingdom is bullish on innovative technologies such as blockchain and artificial intelligence, that is they expect these to rise in price. The move is similar to what China did after President Xi Jinping announced over a year ago that they intend to explore these emerging technologies.
According to the minister, the government is considering capital market reforms like easing curbs on share trading. However, it would do this while ensuring it maintains the highest possible regulatory standard.
More countries begin CBDC development
An increasing number of countries see the need to develop their central bank digital currencies. The pandemic has accelerated the use of digital currencies for the payment of goods and services. Most of the currencies are being developed by private companies.Central banks don’t want to be left behind. The development and issuance of CBDCs are meant to curb the use and demand of stablecoins. In recent weeks, Japan, Sweden, Russia, and the European Union have all announced plans to start developing their CBDCs.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
