Bitcoin : UK confirms (finally) plans for digital currency


The UK will also have its digital currency

UK Treasury Chancellor Rishi Sunak shared the news yesterday. The press release explains the government’s strategy regarding the post-Brexit British economy. As a reminder, the United Kingdom will de facto leave the European Union on December 31, 2020, after a period of negotiations that will have lasted most of the year.

It is in this context that the new British strategy, which is investigation supports reliable financial. The Chancellor of the Treasury explains that it is a question of allowing the country to remain competitive:

“This is a new chapter for UK financial services, [avec] plans to support the dynamism, openness and competitiveness of the sector, which include […] to stay ahead of conversations about new technologies like stablecoins and les changes digitals central bank (MNBC). “

👉 Also read: Gemini Exchange Continues to Expansion, Launches in UK

Finally!

This is a significant step for the United Kingdom, which until then showed a very British caution about a possible digital currency. The Chancellor of the Treasury now asserts it thus:

“Stablecoins could transform the ways of storing and exchanging money, which would make payments cheaper and faster. “

The UK also wants to “take a leadership role in global conversations. on coinss digitals central bank ‘. Without doubt forgetting in passing that some countries did not wait for its approval to start doing more than just talking, China at random.

The Chancellor of the Treasury confirms, however, that the institution will work with the country’s central bank to “consider if and how central banks can issue their own digital currencies as a complement to species. “

We don’t have any details on this UK Treasury research, but it shows that the country no longer wants to be left behind. Brexit is fast approaching, however, which suggests that the long research necessary to set up a digital currency will be completed when the transition is long overdue.

👉 To read: United Kingdom – The governor of the central bank pins the crypto-currencies

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About the Author : Marine Debelloir

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Intrigued by Bitcoin for several years, I developed a passion for crypto-currencies and the innovative technologies that result from them. I like to unearth the most delicious information to share it with you and help democratize this fascinating universe. But I don’t stop there! I also like to analyze projects related to cryptos and blockchains, which fascinate me just as much.
All articles by Marine Debelloir.