A new virtual currency for the UK?

Financial Crime and Compliance Expert, BAE Systems Applied Intelligence Read time: 1 min
As the UK considers the potential adoption of #Britcoin, a new virtual currency, Charmian Simmons says the speculation is currently causing more questions than answers
Britcoin - a new virtual currency for the UK Recent press reports about the launch of a new UK digital currency – “Britcoin” – were swiftly rebutted by the chancellor, Rishi Sunak. However, with a joint Treasury-Bank of England task force currently investigating the viability of a central bank digital currency, this issue is not going away any time soon. Here, Charmian Simmons examines the recent speculation and concludes that right now, we’re left with more questions than answers.
 
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Charmian Simmons Financial Crime and Compliance Expert, BAE Systems Applied Intelligence 12 August 2021