Business Standard

‘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.

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