Over the past few months, we have reported quite heavily on the movements of UK authorities.
who? as it stands, are currently debating the future for cryptocurrencies in the UK. Coined the ‘Cryptocurrency Taskforce’ a number of UK authorities are working together to establish a plan for how cryptocurrencies can be regulated and worked into the UK economy. Such authorities include HM Treasury, the Bank of England and officials from the UK Government. According to reports out today, Governor of the Bank of England, Mark Carney, has now added a new possible route onto cryptocurrencies UK trajectory.
According to a report by the Daily Express (UK),
Carney has told an audience at the Riksbank Anniversary Conference in Sweden, that he believes the future of banking lies within Central Banking Digital Currency (CBDC) and that this in turn, will involve the participation of fewer central bankers. In sort, with typical FIAT currencies, their operation requires a number of various officials, making the currency centralised. With a CBDC, of course, the currency still remains central to the bank, yet fewer officials have overall control of the asset, therefore the currency is somewhat more decentralised.
Read more here : https://cryptodaily.co.uk
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