Cryptocurrencies

‘Cash Is Disappearing,’ BOE Official Says Building Case for CBDC

OECD Warns U.K. Economy Takes Hard Coronavirus Hit — Photographer: Chris Ratcliffe/Bloomberg

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By Reed Landberg

November 22, 2021 at 11:58 AM UTC

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Cash is disappearing from the U.K. economy, a Bank of England official said in building the case for a new form of digital currency backed by the government.