To ‘Britcoin’ or not to Bitcoin? UK Considers New Digital Currency While Most Major Western Banks are Banning or Limiting Crypto-Currencies
While most major western banks are limiting or fully banning crypto currencies such as Bitcoin, British finance minister Rishi Sunak told the Bank of England on Monday to look at the case for a new “Britcoin”, or central bank-backed digital currency, aimed at tackling some of the challenges posed by cryptocurrencies such as bitcoin. UK …