BOE Issues Paper Exploring New Forms of Digital Money

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Bank of England launches discussion paper on digital money

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Bank of England Explores Digital Money, CBDC in New Discussion Paper

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Digital currencies pose threat to economy, warns Bank of England

Simon Youel, the head of policy and advocacy at the campaign group Positive Money, said: “With the decline of cash and emergence of private digital currencies, we urgently need a new form of public money in the form of a central bank digital currency, to ensure that we aren’t surrendering the future of money to unaccountable private interests.

“A central bank digital currency would open up access to our central bank to everyone, taking away the unique privileges enjoyed by private banks, and ending our reliance on them to manage our money and make payments.”

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Bursting the Britcoin bubble: why consumers wont bother with a UK CBDC

Chancellor Rishi Sunak recently announced that Bank of England and Treasury officials would set up ...

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Bank of England Deputy Governor: The state will need to issue public digital money that can meet the needs of modern day life

Click HERE to find out Bank of England Deputy Governor: The state will need to issue public digital money that can meet the needs of modern day life. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.

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