More and more global chatter about digital currencies…
A newly published consultation document reveals that the government believes that a central digital currency, backed by the Bank of England, “is likely to be needed in the future”.
But never fear…
If a digital pound is introduced, it would always be worth the same as the equivalent amount in cash – and the government pledged that physical money is “here to stay”, regardless of digital developments.
Who’s buying that one?
It’s a step to phase out cash which offers global oligarchs more power over the people. As I reported in the past, the Federal Reserve is considering the same thing but seems a bit more reserved for the time being.
https://publictechnology.net/articles/news/treasury-unveils-vision-digital-pound