UK considering launch of digital currency called ‘Britcoin’
Live MintBritcoin is moving closer to reality. UK authorities on Monday said British businesses and consumers are likely to need a digital version of the pound, formally asking for public comment on the idea of introducing a central bank digital currency. “That's why we want to investigate what is possible first, whilst always making sure we protect financial stability.” The call for public input comes almost two years after the Treasury and Bank of England said they were considering introducing a digital currency. Supporters of central bank digital currencies say they make digital transactions easier and cheaper and expand access to the financial system because they can be used by people who don't have bank accounts. Because money invested in central bank digital currencies is safer than a bank deposit, they also may draw savings away from commercial banks and weaken the financial system, critics argue.
History of this topic
Governments and banks once mocked Bitcoin. Now they want in on it
Al Jazeera
De-weaponizing the dollar
China Daily
What is a digital pound and how would I use it?
The Independent
Britcoin? UK gets closer to launching a digital currency
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Hoarding ‘Britcoin’ to be banned over bank run fears under Sunak’s digital currency proposals
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‘Digital pound’ possible by 2030 in bid to combat falling use of cash
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US Treasury recommends exploring creation of a digital dollar
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Treasury recommends exploring creation of a digital dollar
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India's official digital currency likely to debut by early 2023, says top government source
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Global experiments with digital currency: Do stable coins have a role to play?
Hindustan Times
Opinion: Central bank digital currencies are coming. The US must be prepared
CNN'Britcoin' digital currency being considered by UK
The Hindu
'Britcoin' digital currency being considered by UK
The Independent
Bitcoin’s mainstream charge raises stakes for central bank digital cash
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