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Bank of England considers adopting cryptocurrency

Bank of England considers adopting cryptocurrency

The Bank of England will examine the adoption of a bitcoin-style digital currency for the UK. The move comes as part of a global group of banks that are determining the possible pitfalls of relying on electronic money. The deputy governor of BoE Sir Jon Cunliffe will co-chair the group with Benoît Cœuré, a former ECB board member and head of the Bank for International Settlements innovation hub.

Tom A
Tom A
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