BoE Pauses Retail Digital Pound, Dey Back Tokenized Deposits

Bank of England (BoE) dey rethink di retail CBDC project dem, dem stop di digital pound design and focus dey shift go tokenized deposits and private sector payment innovation. Governor Andrew Bailey don talk say e no too sure say every household need CBDC, e dey encourage banks make dem develop tokenized deposits wey go fit do wetin digital pound dey do without needing to issue new money. Research from BoE workers show say di benefits for standalone retail CBDC dey reduce, na why dem dey change strategy like this. For international level, di momentum for retail CBDCs dey slow: US and South Korea don pause or reduce their pilots, and European Central Bank officials dey worry about stablecoins and di risk of dollar liquidity wahala. Because of these risks, BoE run stress tests wey show UK banks fit survive only few days if dollar liquidity run low serious. Even though BoE still dey explore wholesale CBDC for interbank settlement, dem dey prioritize working with private sector on tokenized deposits and payment solutions. This move dey underline wider debates about retail CBDC role, stablecoin rules and digital payments evolution.