RATE Group | Countries come together in hope of creating cryptocurrency backed by central banks
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Countries come together in hope of creating cryptocurrency backed by central banks

21 Jan Countries come together in hope of creating cryptocurrency backed by central banks

Posted at 20:57h in Cryptocurrency News by

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The Bank of England has created an international group to explore the possibility of developing a cryptocurrency backed by central banks.

The central banks of Japan, Sweden, Switzerland and the eurozone joined the initiative, together with the Bank of International Settlements (BIS).

The group will look at the economic and technical benefits that a bitcoin-style digital currency could offer.

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