### Bank of England Tests Digital Pound#

The Bank of England plans to launch a "digital pound lab" this year to explore the feasibility of a central bank digital currency (CBDC). The lab will focus on addressing challenges in the current payment system, testing innovative use cases for a digital pound, and providing insights into the potential development of a digital pound. This move indicates that the Bank of England is actively exploring the potential of digital currencies and aims to prepare for the potential launch of a digital pound through lab testing. The lab will focus on the application scenarios of the digital pound, such as improving payment system efficiency, facilitating cross-border payments, and promoting financial inclusion. Through testing and research, the Bank of England will gather valuable experience and data to inform the final decision on whether to launch a digital pound.