April 29, 2024

Central Bank of England may launch digital pound

Central Bank of England may launch digital pound

A financial think tank has proposed that Britain createdigital poundto strengthen the statusLondon as a global trade centerafter Brexit. Previously the center of gravity for Europe's financial sector, London lost much of its influence at the end of 2020 after the UK left the European Union.

The UK Treasury will consider this proposal, which could make London more attractive to global traders, as attention has now shifted to Amsterdam.

«The Bank of England is discussing CBDC, and it shouldbe a priority because this technology is the future. It will bring other benefits, such as real-time control to reduce costs»- said Daniel Hodson, chairman of the think tank CityUnited.

Hodson also added that the progress made by China in launching the CBDC should concern British financial authorities:

«Central bank digital currency (CBDC) must be a fundamental basis for the country's post-Brexit competitiveness, otherwise China will take the lead.»

The creation of the digital yuan is believed to poseits goal is to achieve the global economic impact of the Chinese CBDC. While conducting accelerated testing of the digital currency, the Chinese leadership plans to present its development at the Beijing Winter Olympics in 2022.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features — futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Central Bank of England may launch digital pound

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