1 thought on “FAK293-Walker

  1. xileffilex

    The leaked document will be way off with the UBI prediction. And if it is to be tied into the introduction of digital currencies, that won’t be for 3-5 years.

    It’s hard to know how far the experiments have progressed towards CBDCs. Suddenly, not long after the BIS pow-wow, the UK has gone public with their digital “Britcoin” transformation

    The bank said the new currency, if it comes to pass, would be a new form of digital money for use by households and businesses and would exist alongside cash and bank deposits, rather than replacing them. **

    Digital currencies, which are only available in digital or electronic form, are already being explored or even implemented in several other countries, with many proponents drawing inspiration from the success of Bitcoin and other so-called cryptocurrencies. However, digital currencies like the one being considered in the United Kingdom are different in a key sense to Bitcoin, as they are issued by state authorities.

    ** allegedly

    The Bank of England and the Treasury said Monday that they will work together to assess the benefits of a central bank digital currency, at a time when cash payments are generally on the decline, partly as a result of the coronavirus pandemic.

    A unique opportunity….


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