UK’s Central Bank Terminates Plans to Roll Out its Own Digital Currency

uks central bank terminates plans to roll out its own digital currency

Just days after the Bank of England, the United Kingdom’s central bank, disclosed to the public that one of its many research divisions was looking into unveiling a cryptocurrency that is tied to pounds sterling, which is the UK’s monetary unit, the bank disclosed that it had terminated all plans to roll out its very own virtual currency.
Some might be disappointed by this news, and the central bank stated that the plans were dropped due to certain concerns about the impact that the currency would have on the UK’s financial system. More specifically, the Bank …
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