GOVERNMENT CLOSING BANK ACCOUNTS DOWN ALREADY
1 year ago
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Central bank digital currency (CBDC) is money that a country’s central bank can issue. It’s called digital (or electronic) because it isn’t physical money like notes and coins. It is in the form of an amount on a computer or similar device.
The Bank of England is the UK’s central bank and together with HM Treasury, we are looking closely at the idea of a central bank digital currency for the UK. If we introduced one, we’d call it the digital pound.
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