The Bank of England and HM Treasury have formed a Taskforce to "coordinate the exploration of a potential UK Central Bank Digital Currency" (CBDC).
Let's call it "Britcoin".
A Bank of England announcement quickly points out that no decision has been taken to greenlight Britcoin and omits any mention of why the time is right to ponder a digital currency.
But the bank has nonetheless decided to "engage widely with stakeholders on the benefits, risks and practicalities" of a CBDC.
So broad is the effort to ponder a CBDC that four new bodies have been created to do the job.
One is the Taskforce, which "aims to ensure a strategic approach is adopted between the UK authorities as they explore CBDC, in line with their statutory ..
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