UK Authorities Mulling Digital Currency ‘Britcoin’

British authorities are exploring the possibility of creating a new digital currency dubbed “Britcoin.”

The Bank of England and the Treasury on Monday said they were weighing the potential benefits of a central bank digital currency, the Associated Press reports.

If the new currency is created, it would be a form meant to be used by households and businesses and would exist alongside cash and bank deposits instead of replacing them, the Bank of England said.

Read more at The Hill.

{Matzav.com}