‘Britcoin’ digital pound decision due by 2025

Britcoin is moving closer to reality. UK authorities on Monday said British businesses and consumers are likely to need a digital version of the pound, formally asking for public comment on the idea of introducing a central bank digital currency. Britain is trailing former colonies such as Nigeria, the Bahamas and Jamaica in rolling out a digital currency. More than 80 per cent of the world's central banks are considering launching digital currencies, according to the consultant PWC.