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UK to consult on possible central bank digital currency

The Bank of England and Britain's finance ministry said on Tuesday that they would hold a formal consultation next year on whether to move forward on a possible central bank digital currency (CBDC) that would take years to introduce.

UK to consult on possible central bank digital currency
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Central banks across the world are studying digital versions of their currencies to avoid leaving digital payments to the private sector as the decline of cash has accelerated in some cases due to the COVID-19 pandemic.

Read more at Reuters

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