Bank of England statement on Central Bank Digital Currency

[Martin@AS Financial]

(Taken from the BOE website)

"The Bank of England and HM Treasury have today announced the joint creation of a Central Bank Digital Currency (CBDC) Taskforce to coordinate the exploration of a potential UK CBDC."

https://www.bankofengland.co.uk/news...gital-currency

[ladymuck]

Definitely time to sell

I thought the ads on the Underground marked a low point but this will take it to new depths

[vetran]

How will they print bitcoin?

[ladymuck]

How will they print bitcoin?

Get their crochet needles out and create their own blockchain?

[tazdevil]

Better than a magic money tree, a fictitious money tree, where is the value in this digital illusion of money

[jamesbrown]

Well, duh, no cash transactions (more tax) and easier to manipulate in boom/bust cycles... what's not for them to like

[tazdevil]

Aha now I understand its not BitCoin but BritCoin where an e-pound simply replaces the paper pound so our normal currency in digital form only with none of this wasteful mining business involved

[ladymuck]

Aha now I understand its not BitCoin but BritCoin where an e-pound simply replaces the paper pound so our normal currency in digital form only with none of this wasteful mining business involved

Doesn't burn as easily in a skip though

[Whorty]

Aha now I understand its not BitCoin but BritCoin where an e-pound simply replaces the paper pound so our normal currency in digital form only with none of this wasteful mining business involved

How do you roll it up to snort the white stuff?

[jamesbrown]

How do you roll it up to snort the white stuff?

One of those rollable screens they're developing...