RATE Group | CBDCs: Bank of England Exec Says a Central Cryptocurrency Needs to be Taken Seriously  
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CBDCs: Bank of England Exec Says a Central Cryptocurrency Needs to be Taken Seriously  

02 Mar CBDCs: Bank of England Exec Says a Central Cryptocurrency Needs to be Taken Seriously  

Posted at 03:28h in Cryptocurrency News by

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  • Going off an article published earlier today, the Ukraine is sceptical on releasing a central-bank digital currency.

  • However looking at England, there are calls for the creation and development of a national currency – and has been for quite some time.

Going off an article published earlier today, the Ukraine is sceptical on releasing a central-bank digital currency. However looking at England, there are calls for the creation and development of a national currency – and has been for quite some time. One of the executives at the Bank of England is in support of cryptocurrency, which furthers the argument that one should be made for the country. Sarah John, the Chief Cashier at the Bank, has said that central banks across the globe all need to start looking into central digital currencies and take them very seriously.

John believes that central banks need to delve even deeper into the research of such currencies by describing the need as crucial. On top of this,…

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