March 28, 2024

Bank of England plans to launch national cryptocurrency

Bank of England plans to launch national cryptocurrency

The Bank of England plans to launch a national digital currency. This statement was made by the bank managerAndrew Bailey during an online conference.

According to Bloomberg, the project is still at an early stage. At the moment, it is not known whether the Central Bank has already begun to take any serious steps to create its own cryptocurrency.

Andrew Bailey said:

We are considering the issue – should the BankEngland to create its own digital currency? For now, we will continue to consider this issue, however, I think that in a couple of years we will be preparing to launch a certain type of digital currency.

Recall that last year the RoyalCustoms and Excise Administration (HMRC) has published a new set of rules for the cryptocurrency business. The document contains information on how the various tax categories will apply to bitcoin and cryptocurrency transactions.

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Based on materialszycrypto.com