Bank of England and UK Treasury explore ‘digital pound’

Bank of England and UK Treasury explore ‘digital pound’

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  1. Centralised Digital Currency.

    Knowing the current UK government, this will be used purely to monitor the spending of the middle to lower-working class and to limit or track purchases made by the nation as a whole.

    Said information will then be able to be passed on to the highest bidder or generally mishandled by the UK Government like all PPI, PCI and PHI in the past.

  2. tldr; The Bank of England and the UK Treasury are exploring a potential national digital currency, amid a groundswell of interest in digital markets. The government and the BOE have not yet made a decision on whether to introduce a CBDC in the UK. Any CBDC would be a new form of digital money that could be used by both households and businesses.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*



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