Britain, China and the European Union are in a race to launch their digital currencies.
The British finance ministry is due to launch a public consultation shortly on the attributes of a digital pound.
The European Union will publish a draft law this year to legally set up and regulate a digital euro and China is working on a pilot of a digital yuan.
The European Union has outlined the first wide-ranging regulation for crypto markets, which will be finalised soon and will be effective in 2024.
