Bank of England to consider digital money plan
The Bank and the Treasury set up a taskforce to examine how a central bank digital currency would work. …
It would basically be a digital version of sterling, backed by the Bank of England, that could change the payments system, the plumbing of the financial system. It would not be a Bitcoin-style speculative asset with wild fluctuations in value. But there will be limited appeal for the fans of crypto, who invest precisely because of their scepticism about central banks.
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