The Bank of England (BoE) has announced that it will set up a "Digital Pound Lab" in 2025 to conduct CBDC innovation experiments in a sandbox environment. According to the central bank's latest digital pound progress report, the lab will provide a CBDC API testing platform for the private sector to explore innovative application scenarios and business models. The Bank of England said it has gained a deep understanding of user needs through surveys and working groups, and the lab will foc...