June 16 (Cointime) - The Bank of England (BOE) has completed a yearlong project called Rosalind, in collaboration with the Bank for International Settlements (BIS), which found that a central bank digital currency (CBDC) could offer a "diverse range" of benefits, including faster and simpler person-to-person payments, innovative financial products, and reduced fraud. The report from the first phase of the experiment also revealed that a CBDC could introduce the concept of "programmability" to money. The BOE's interest in launching its own CBDC, informally known as "Britcoin," has been strengthened by these findings, but the decision still requires the support of the UK Treasury. The project also addressed concerns about privacy, with the conclusion that privacy could be maintained.