Britcoin: UK considers main bank digital currency
'Britcoin' considers

Britcoin: UK considers main bank digital currency

New stories about central bank digital currencies (CBDCs) just keep coming, and this week we learned that the United Kingdom appears poised to jump on the CBDC bandwagon. U.K. Treasury insiders have confirmed that a task force has been established to explore how the CBDC, which some are dubbing ‘Britcoin,’ might work. The task force…

Lender Of England ‘Britcoin’ May Fuel Rising Bitcoin Costs, Says deVere CEO
'Britcoin' England

Lender Of England ‘Britcoin’ May Fuel Rising Bitcoin Costs, Says deVere CEO

Nigel Green has reportedly commented on the UK’s new CBDC initiative, remarking how it might backfire and help propel Bitcoin adoption.Nigel Green, CEO of independent financial advisor and asset manager deVere Group, reportedly said that the Bank of England’s rumored digital currency Britcoin, which aims to overtake Bitcoin, will backfire.Green’s comments come after it was…