Tech News
LAST UPDATE: July 23, 2025
Bank of England Considers Shelving Plans for a Digital Pound
Facing skepticism, BOE is considering abandoning a retail CBDC (“digital pound”) and instead endorsing private-sector payment innovations, but remains ready to launch if needed. (Bloomberg.com, The Economic Times)
Insight
This signals a pragmatic shift: preferring innovation-led solutions over costly central bank digital noise, while keeping future options open amid global CDBC competition.
White House to unveil plan to push US AI abroad, crackdown on US AI rules
Trump admin plans to remove Biden-era AI export limits, fund AI expansion overseas, penalize restrictive state laws, encourage Pentagon AI adoption, and ease data center approvals. (Bloomberg.com, Reuters)
Insight
The strategy shows the U.S. doubling down on AI leadership through deregulation and export promotion—but risks uneven domestic governance and regulatory arbitrage.
