The U.K. government and the Central Bank of England have published a “consultation paper” that announced a coming digital pound called “Britcoin.” Britcoin, the current nickname for the Central Bank Digital Currency (CBDC) project, is a product of the U.K.’s “CBDC Taskforce” that was announced in April 2021. “At this stage, we judge it likely that the digital pound will be needed in the future. It is too early to decide whether to introduce the digital pound, but we are convinced preparatory...
