Bank of England to consider digital money plan

It would basically be a digital version of sterling, backed by the Bank of England, that could change the payments system, the plumbing of the financial system. It would not be a Bitcoin-style speculative asset with wild fluctuations in value. But there will be limited appeal for the fans of crypto, who invest precisely because of their scepticism about central banks.

Recent Posts

Covid: The holiday makers having to self-isolate abroad

The pair have had to pay upfront to keep the room on at the hotel, but their travel insurance will reimburse their costs. As Samantha is the one with coronavirus, her new flight home is also covered, but Charlotte will have to pay for her flight home, because her...

read more

Firm fined £2.6m for claiming clothes prevent Covid

Lorna Jane, which has stores across Australia, New Zealand, the US and Singapore, has been ordered by the judge to publish corrective notices. It is also not allowed to make any anti-virus claims related to its activewear clothing for three years unless it has...

read more