BONUS: The Bank of England’s Big Decision on Digital Currency
The Bank of England has a vision for the digital pound. But first, it has to decide whether “Britcoin” is worth building in the first place.
The BOE wants to make a cash-like alternative to the banknote—an instrument that works like cash and holds its value but won’t accrue interest or become a tool of speculators.
Right now, the bank is seeking input from Britons on whether such a central bank digital currency, or CBDC, can work or even makes sense. The period during which the BOE will take submissions began Feb. 7 and ends this week on June 30. At that point, the bank will evaluate all the…
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