Bank of England considering launching digital currency

posted 25 days ago
England’s premier bank announced it is considering digital currency research and development. The rise of China’s digital yuan and Facebook’s Libra currency served as a catalyst.

Bank governor Andrew Bailey said “in a few years” the rollouts of digital currency can be expected in the U.K., also indicating the concept could become a global theme. Bailey went on to say “We are looking at the question of, should we create a Bank of England digital currency."
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