Bank of England examining possibilities to adopt cryptocurrency

Bank of England examining possibilities to adopt cryptocurrency

The Bank of England (BoE) will examine the possibilities on adopting a cryptocurrency similar to bitcoin. Talks were held between officials of different central banks including the Bank of Japan, the European Central Bank, Bank of Canada and others to research the risks of a central bank digital currency. The BoE previously voiced the need for stricter regulation of private cryptocurrencies.

M. Schlegel
M. Schlegel
M. Schlegel
M. Schlegel 1 weeks

Oh boy, what could possibly go wrong. I work in IT and I know how bad most big banks are at IT. Maybe the central banks are somewhat better but... Also currencies like bitcoin are build with the explicit intent to make it difficult to impossible for any kind of central control. That goes directly against anything the BoE might want. Well most likely outcome will be just another "normal" centralized currency with some way of easier digital transfer and they'll call it a cryptocurrency even if it really isn't.

Top in Crypto
Get the App