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09.11 - 19:21
Bank bosses voice concern over UK digital currency plans
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fnlondon.comAs Threadneedle Street's consultation on building a central bank digital currency gets underway, several of the City's top banking executives have given evidence to MPs about the harm a so-called Britcoin could cause.
The Bank of England and the Treasury launched a joint taskforce to explore the development of digital sterling earlier this year. China’s e-yuan is already in use, and the EU has committed to building a digital euro. As private cryptocurrencies take off, Threadneedle Street is eager not to be left behind.
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