The independent forum will support the implementation of a well-designed digital pound and money ecosystem.
Central bank digital currencies need to integrate with existing payments systems.
The Central Bank Digital Currency challenge had over 300 submissions from more than 50 countries.
Investigation phase will last 24 months.
BIS said central bank digital currencies could form the backbone of a new digital payment system.
Banque de France is exploring design options for the technical implementation of a digital euro.
The paper explores regulatory models that could address payments-related and money-creation risk.
The FCA will take forward the idea of a regulatory scalebox.
Central bank digital currencies could strengthen the efficiency and resilience of settling financial assets.
