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Central bank digital currencies are a long way from becoming reality — unless you’re in China

November 13, 2021
Source: mbn.media mbn.media
News Snapshot:
China’s digital yuan currency is displayed on a mobile phone in Yichang, Hubei province, China, Feb. 22, 2021. Costfoto | Barcroft Media | Getty Images Don’t expect central banks to issue their own digital currencies anytime soon — that was the message from the Bank of England this week. The U.K. central bank on Tuesday said it was advancing its exploration of central bank digital currencies , or CBDCs, to a consultation stage that’s due to take place next year. But even if it decides to push ahead with the proposed digital currency, which has been dubbed “Britcoin,” it’s unlikely...
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Tags: bank | Bank of China | bitcoin | blockchain | BOE | censorship | China | crypto | currency | E-CNY | earthquake | Economy | education | finance | fintech | HSBC | Hubei | London | mobile | mobile phone | Renminbi | Sweden | technology | War | Yuan

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