Category: Britcoin

Britcoin ‘Will Change Everything,’ Analyst Warns

July 9, 2023
BritcoinBusiness & MarketsCBDCcryptocurrencyeconomic policiesMarketsUKWorld
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A Bank of England (BoE) digital pound will be a “complete restructure” of the current financial system and can give the government more control on how people use their money, a financial analyst warns. Some 130 countries are exploring a central bank digital currency (CBDC), according to the Atlantic Council. The Bank of England (BoE) and…

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UK’s Britcoin CBDC Plans Raise Monetary Stability Concerns

July 5, 2023
BritcoinBusiness & MarketsCBDCeconomic policieseconomyUKWorld
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UK politicians and financial experts have expressed their concerns over the proposal to introduce a central bank digital currency (CBDC) dubbed “Britcoin.” A joint consultation by the Bank of England (BoE) and HM Treasury, established in February, received thousands of responses on the introduction of the digital version of the pound. The project was launched…

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