HM Treasury, BOE Form CBDC Taskforce to Explore Britcoin

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UK to explore issuing its own digital currency amid bitcoin boom

The U.K. Treasury and Bank of England have launched a joint taskforce to explore a potential central bank digital currency.

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UK Discusses Creating 'Britcoin', Its Own Central Bank-Backed Cryptocurrency

UK authorities confirmed that they are already studying the feasibility of launching a national cryptocurrency which they already name as 'Britcoin' on social networks.

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Bank of England and HM Treasury Launch a Central Bank Digital Currency Taskforce

According to the Treasury and Bank of England's announcement, the groups purpose aims to explore a potential UK CBDC.

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Bank of England to consider digital money plan

The Bank and the Treasury set up a taskforce to examine how a central bank digital currency would work.

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BoE and Treasury launch CBDC task force

Central bank also forms new division to lead internal exploration of digital currency

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