UK’s Britcoin CBDC Plans Raise Monetary Stability Concerns

UK’s Britcoin CBDC Plans Raise Monetary Stability Concerns
A view of the Bank of England in London, on Feb. 2, 2023. Yui Mok/PA Media
Evgenia Filimianova
Updated:

UK politicians and financial experts have expressed their concerns over the proposal to introduce a central bank digital currency (CBDC) dubbed “Britcoin.”

A joint consultation by the Bank of England (BoE) and HM Treasury, established in February, received thousands of responses on the introduction of the digital version of the pound.

Evgenia Filimianova
Evgenia Filimianova
Author
Evgenia Filimianova is a UK-based journalist covering a wide range of national stories, with a particular interest in UK politics, parliamentary proceedings and socioeconomic issues.
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