The Bank of England announced: We are open-minded about official digital money

According to Bloomberg, the president of the Bank of England, Mark Carney, is open-minded about the possibility of a central bank digital currency (CBDC) in a conference speech .

Carney stressed that the adoption of a CBDC is not a counter-idea, but that the adoption of digital currencies is not a close one, he said crypto currencies are not money at the moment.

In February, last February, Carney criticized the crypto currency for a sharp dime in his speech at an event in London , saying that the crypto money has so far failed to overcome the traditional aspects of money and said, “We can not see it as a value store because it is everywhere in the world. Nobody uses it as a means of exchange. ”

Earlier this month, the Bank of England released a study report that outlined the possible financial risks and contributions of using a CBDC. In the run-up to the scenario, it was found that the CBDC had no reason to believe that it would affect my economy negatively.

Other central banks in Europe are also considering a CBDC adaptation. Earlier this month, the Norwegian Central Bank issued a working paper on the idea of ​​developing a digital currency to be issued by the central bank . On the other hand, Sweden’s central bank Riksbank is also thinking of an e-cron in Sweden.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.
Aamir Kapoor is a fintech writer specializing in cryptocurrency and blockchain. He has a background in finance and banking and was a researcher.