June 28 (Cointime) - The Bank of England is still deliberating on which technology to use for its Central Bank-Backed Digital Currency (CBDC), with all options on the table. Unlike other central banks, the Bank of England has not yet decided to use blockchain technology for its digital pound, known as Britcoin.

The head of the BOE's CBDC project, Tom Mutton, stated that they are considering different versions of ledgers for the CBDC, including public blockchains similar to those used for cryptocurrencies. The earliest possible release of Britcoin would be in the second half of this decade, and it would likely not feature the BOE's branding.