Press Room

19 Jun 2023

Dion Seymour comments on the potential for a Bank of England-backed CBDC


Crypto Tax & Accounting Technical Director, Dion Seymour, comments on the potential for a Bank of England-backed CBDC to be implemented soon, in Decrypt.

Dion’s comments were published in Decrypt, and syndicated in Crypto News Australia and Yahoo Finance, 19 June 2023.

Dion explained that the UK “wants to lead in financial affairs,” so is likely to pursue a digital pound in the future.

“I think if the Bank of England and HM Treasury want to continue to be an innovator in the monetary space then they will have to do a CBDC. It feels like that has to be the next step. It’s hard to say that you’re an innovator if everyone else is doing something that you’re not.”

 


Dion Seymour

Dion is a Director with extensive experience in all aspects of the taxation of crypto assets. He was formerly the crypto asset policy and product owner at HMRC.

Email: Dion Seymour