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Bank of England plots its own bitcoin-style digital currency
Was the appeal of cryptocurrency really to give governments even more control over money and personal lives?
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Bank of England Plots Its Own Bitcoin-Style Digital Currency
By Robert Mendick
The Telegraph, London
Saturday, December 30, 2017
The Bank of England could green light its own bitcoin-style digital currency as early as 2018, The Telegraph can disclose.
A research unit set up by the bank is investigating the possible introduction of a crypto-currency linked to sterling.
If approved, a virtual currency issued by the bank would pave the way for a revolutionary shake up of high street banking.
A Bank of England-issued digital currency would potentially allow British citizens to keep their money -- in digital form -- with the central bank itself, dispensing with the need for a retail bank. Big-ticket transactions, such as buying a house, could happen in nanoseconds. ...
... For the remainder of the report:
http://www.telegraph.co.uk/news/2017/12/30/bank-england-plots-bitcoin-st...
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