Digital Pound May Verify Age for Alcohol and UK Citizenship
- BOE digital currency work offers glimpse of possible features
- Nuggets contracted by BOE to help beef up currency’s privacy
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A digital version of the British pound may feature a way to verify the holder’s age and citizenship status, potentially smoothing the purchase of alcohol and tobacco and transactions with government agencies.
The Bank of England has hired digital payments platform Nuggets to develop the digital currency’s privacy and identity features as policy makers step up preparations for the currency dubbed “Britcoin.”