Finance

UK to explore issuing its own digital currency amid bitcoin boom

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Fifty and twenty pounds bank notes and a bitcoin logo are seen in this photo illustration.

Omar Marques | SOPA Images | LightRocket via Getty Images

LONDON — Britain is the latest country to join a global race toward central bank digital currencies.

“We’re launching a new taskforce between the Treasury and the Bank of England to coordinate exploratory work on a potential central bank digital currency,” U.K. Finance Minister Rishi Sunak said at a fintech industry conference on Monday.

In a separate statement, the Bank of England said such a currency would be a “new form of digital money issued by the Bank of England and for use by households and businesses” that exists alongside cash and…



Source cnbc.com

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