Cryptocurrency Creation Plans Dropped By The Bank of England

Announcements, News | January 8, 2018 By:

The Bank of England (BoE), the UK’s central bank, has reportedly decided to drop the idea of launching its own cryptocurrency amid concerns about its impact on the financial system.

Late last month, British media reported that the BoE has set up a research unit to investigate the possibility of issuing its own cryptocurrency linked to the value of the pound sterling,