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Business

Bank of England’s Britcoin torn apart as digital currency dealt blow: ‘No convincing case’

BRITCOIN has been dealt a major blow as the Lords Economic Affairs Committee branded it “a solution in search of a problem’. Read more here Daily Express :: City and Business Feed

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Finance

London to be handed post-Brexit boost with Britcoin as digital euro could be problematic

Britain is considering creating a new “Britcoin,” or central bank-backed digital currency, aimed at tackling some of the challenges posed by cryptocurrencies such as Bitcoin. Chancellor of the Exchequer Rishi Sunak told the Bank of England (BoE) last week to look into it. A BoE-backed digital version of sterling could allow businesses and consumers to […]

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Business

Britcoin? UK considers developing digital sterling as cash payments decline

The Bank of England said it would team up with the UK Treasury to explore a potential national virtual currency as Britain eyes joining the crypto-frenzy that has gripped state regulators across the world. The taskforce will coordinate work on a possible “Central Bank Digital Currency (CBDC)” that could be used by both households and […]