Bank of England to explore a potential Central Bank Digital Currency
bankofengland.co.uk
Bank of England to explore a potential Central Bank Digital Currency
1–10 of 277 posts
Re: Bank of England to explore a potential Central Bank Digital Currency
#2Central banks are going fintech. Now the global currency wars can begin
Re: Bank of England to explore a potential Central Bank Digital Currency
#3A taskforce is being created. That's all folks.
Re: Bank of England to explore a potential Central Bank Digital Currency
#4This is great... easier rails into hard money (crypto).
Re: Bank of England to explore a potential Central Bank Digital Currency
#5A taskforce is being created. That's all folks.
Indeed, you well sum up the article
Re: Bank of England to explore a potential Central Bank Digital Currency
#6Central banks are going fintech. Now the global currency wars can begin
Well - they began in about 1914 when the UK got out of the gold standard. Very good essay by Adam Tooze about the recent shots fired.
https://foreignpolicy.com/2021/04/01/janet-yellen-mario-drag...
Re: Bank of England to explore a potential Central Bank Digital Currency
#7More info here [1], and a background discussion paper her [2].
[1] https://www.bankofengland.co.uk/research/digital-currencies
[2] https://www.bankofengland.co.uk/-/media/boe/files/paper/2020...
Re: Bank of England to explore a potential Central Bank Digital Currency
#8They should make it work on the 'old money' system of penny, shilling and pound, with twelve pence to a shilling and twenty shillings to the pound, then use the abbreviation 'd' for pence, and then throw in farthings (quarter penny) and half-crowns (two shillings and six pence) because if there's one thing I've learnt about finance, its that the more confusing things are, the easier it is to make a profit.
Re: Bank of England to explore a potential Central Bank Digital Currency
#9A taskforce is being created. That's all folks.
Design by committee, what could possibly go wrong.