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The Bank of England’s Big Decision on Digital Currency
With the public comment period ending this week, the central bank will soon begin the process of deciding whether “Britcoin” is worth doing.
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The Bank of England has a vision for the digital pound. But first, it has to decide whether “Britcoin” is worth building in the first place.
The BOE wants to make a cash-like alternative to the banknote—an instrument that works like cash and holds its value but won’t accrue interest or become a tool of speculators.