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Fortune
Fortune
Marco Quiroz-Gutierrez

UK considers issuing a digital pound to protect against new forms of money

Bank of England United Kingdom CBDC
(Credit: Karol Serewis—SOPA Images/LightRocket via Getty Images)

The United Kingdom may be coming around to the idea of a digital pound.

The Bank of England and the government's treasury office announced that they are considering issuing a blockchain-based central bank digital currency (CBDC) that would be akin to its pound sterling.

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