Published 1 year ago

Bank of England and Treasury think UK is 'likely' to need digital currency

Summary by Ground News

The Bank of England and Britain's finance ministry think the UK is likely to need to create a central bank digital currency later this decade. A CBDC would allow a wider range of businesses - and potentially individuals - to hold electronic money in accounts directly with the BoE. The European Central Bank is working on a digital version of its currency.

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Times of India

BoE and Treasury think UK is 'likely' to need digital currency -Telegraph

"On the basis of our work to date, the Bank of England and HM Treasury judge that it is likely a digital pound will be needed in the future," the Telegraph quoted Bank of England Governor Andrew Bailey and finance minister Jeremy Hunt as saying in the joint report.

1 year ago·India

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Reuters

Bank of England and Treasury think UK is 'likely' to need digital currency, the Telegraph reports

The Bank of England (BoE) and Britain's finance ministry think the UK is likely to need to create a central bank digital currency (CBDC) later this decade, the Telegraph newspaper reported on Saturday, citing an unreleased government report.

1 year ago·United Kingdom

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The Telegraph

‘Digital pound’ possible by 2030 in bid to combat falling use of cash

State-backed virtual currency 'likely' as Bank of England and Treasury back 'Britcoin' project

1 year ago·London, United Kingdom

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Financial Post

BoE and Treasury think UK is 'likely' to need digital currency

LONDON -- The Bank of England (BoE) and Britain's finance ministry think the UK is likely to need to create a central bank digital currency (CBDC) later this decade, the Telegraph newspaper reported on Saturday, citing an unreleased government report.

1 year ago·Canada

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