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Banks could lose out on a fifth of deposits under Britcoin proposals – BoE

The Bank of England has admitted on Tuesday, November 23, that commercial banks would be hit hard by plans for a digital pound backed by central bank reserves.

Banks could lose out on a fifth of deposits under Britcoin proposals – BoE
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At a meeting of a House of Lord’s committee meeting on CBDCs bigwigs from the central bank said that commercial banks would need to alter business models in a future digital payments landscape.

Read more at City A.M.

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