Rishi Sunak on CBDC.
1 year ago
33
Under the UK’s presidency, the G7 announced that it is launching a set of public policy principles for retail, Central Bank Digital Currencies (CBDCs).
The new UK Prime Minister, Rishi Sunak, issued support and a new focus on the cryptocurrency sector Monday, as shared by Bitcoin Magazine.
He explained that the Central Bank digital currencies could be a digital version of money, a bit like a digital banknote that could be used alongside physical notes and coins.
Unlike most of the digital money people use daily today, it would be issued directly by a central bank like The Bank of England in the UK.
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