Heres why the UK should launch its own cryptocurrency – Telegraph.co.uk

Posted: November 17, 2019 at 2:12 pm

The new governor of the Bank of Englandshould make it a priority to launch aBritcoin before it is too late

The Chinese are already planning a state backed cryptocurrency. The Federal Reserve has been asked by Congress to look at an American one. This week we learned the European Central Bank was examining some form of digital money as well.

All the worlds major central banks are starting to look at issuing a byte-based currency as well as the traditional paper sort. With complete access to the banking system, and with the credibility to ensure payments are honoured anywhere in the world, it may well be only state back cryptocurrencies that can really thrive.

But hold on. If everyone...

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Heres why the UK should launch its own cryptocurrency - Telegraph.co.uk

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