According to the news in Bloomberg, Bank of England governor Mark Carney said in a speech at a conference that he has an open mind about the possibility of a central bank digital currency (CBDC). While not opposed to the idea of implementing the . He stated that cryptocurrencies have so far failed the traditional aspects of money and said, “We cannot see it as a store of value because it is all over the map.. Nobody uses it as a medium of exchange.”
Earlier this month, the Bank of England published a working report outlining the possible financial risks and implications of using a CBDC.. The scenarios in the report found there was no reason to believe that adopting a CBDC would negatively impact the economy.
Other central banks in Europe have also considered a CBDC adoption. Earlier this month, the Bank of Norway published a working paper in which they consider developing a digital currency to be issued by the central bank.. On the other hand, Sweden’s central bank, Riksbank, is also considering an e-krona in Sweden.
→ THEY BUILD $50,000 DIGITAL MONEY TO THE TOP OF MOUNT EVEREST