UK To Likely Regard 'Britcoin' As Their Official Digital Currency
After China testing its own Central Bank Digital Currency (CBDC), UK has now decided to regard Britcoin as their own digital currency suspending physical cash under the supervision of Chancellor Rishi Sunak. Backed by the Bank of England, the currency would help stimulate the economic growth of Britain. Reportedly, the digital currency would "slash cost and time it takes to make payments online and transfer money".
Tags: Central Bank Digital Currency, Britcoin, Cryptocurrency, United Kingdom
Courtesy: Daily Mail Online