Britcoin to be trialed on multiple ledgers, including blockchain: Bank of England
Tom Mutton, who heads the digital pound initiative at the BoE, says it will have a £10,000-£20,000 limit, will trial blockchain, and geared toward privacy.
Latest Britcoin News
UK central bank to set up 30-member Britcoin team: report
Bank of England is ramping up its central bank digital currency efforts and hiring developers, security architects, and more despite not officially committing to its Britcoin efforts.
Digital pound presents new payment frontier, but UK doesn’t have CBDC expertise yet: BoE
Bank of England Deputy Gov. Jon Cunliffe told lawmakers a digital pound would make it easier for U.K. residents to make micropayments—but doesn’t Bitcoin already do this?
Bank of England partners with MIT for 12-month CBDC research project
The BoE joins the U.S. Federal Reserve and the Bank of Canada, which has been working with MIT, but it insists that it’s just research and the two won’t develop a central bank digital currency.
Britcoin: UK considers central bank digital currency
U.K. Treasury insiders have confirmed that a task force has been established to explore how the CBDC, which some are dubbing ‘Britcoin,’ might work.