Ad The UK plans to impose a cap of between £10,000 to £20,000 ($12,017 to $24,033) for initial digital wallet holdings as it pushes forward with plans to introduce a Central Bank Digital Currency (CBD...
Tag: Britcoin
UK takes another step towards crypto regulation with ‘Britcoin’ proposal
The UK has moved one step closer to launching a CBDC with a consultation paper outlining the proposed digital pound. The Central Bank and Treasury hope to launch a digital pound by 2025. After 6 Febru...
Don’t Call British CBDC ‘Britcoin,’ Say Bank of England
The UK’s central bank, the Bank of England, made it very clear on Tuesday that they do not want you to refer to the country’s CBDC as ‘Britcoin.’ British and international press — including CNN, ABC ...
‘Britcoin’ Consultation Lays Groundwork for UK’s Digital Pound
Britain is moving ahead with plans for a digital pound that could be in use by the late 2020s, the country’s Treasury and the central bank said yesterday. “While cash is here to stay, a digital ...
UK Lords Economic Affairs Committee Publishes disparaging Report on “Britcoin”
The Lords Economic Affairs Committee has recently published their report on central bank digital currencies (CBDCs), providing their findings on digital currency and outlining what they perceive to be...