Britcoin: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Create page. Sources: linked pages.)
 
imported>Doug Williamson
(Expand definition.)
Line 2: Line 2:


Britcoin is a colloquial term for a possible future central bank digital currency in the UK.
Britcoin is a colloquial term for a possible future central bank digital currency in the UK.
Also known as the ''digital pound''.




Line 11: Line 13:


:''Kalifa Review of UK Fintech - February 2021''.
:''Kalifa Review of UK Fintech - February 2021''.




Line 33: Line 34:


===External links===
===External links===
[https://www.bankofengland.co.uk/research/digital-currencies Central bank digital currencies - Bank of England]
*[https://www.bankofengland.co.uk/research/digital-currencies Central bank digital currencies - Bank of England]


[https://www.bis.org/about/bisih/topics/cbdc.htm Bank of International Settlements, Central Bank Digital Currency]
*[https://www.bis.org/about/bisih/topics/cbdc.htm Bank of International Settlements, Central Bank Digital Currency]


[https://www.youtube.com/watch?app=desktop&v=srJMnI8WFRY ACT Webinar, Central Bank Digital Currencies, Overview of the Bank of England's Work, March 2021]]
*[https://www.youtube.com/watch?app=desktop&v=srJMnI8WFRY ACT Webinar, Central Bank Digital Currencies, Overview of the Bank of England's Work, March 2021]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]

Revision as of 22:51, 22 April 2023

Central bank digital currencies.

Britcoin is a colloquial term for a possible future central bank digital currency in the UK.

Also known as the digital pound.


Supporting new technologies
"The introduction of a [UK] Central Bank Digital Currency would be a significant development which could help support the adoption of new technologies (e.g. blockchain) in financial services.
There is concern that retail CBDC could lead to increased data being held on the consumer. One option would be to follow the proof of concept developed by the European System of Central Banks, which explored allowing users to remain anonymous for low value transactions, but still maintaining AML/CTF checks for larger transactions, and ensuring that identity and transaction history were not available to central banks or the intermediaries."
Kalifa Review of UK Fintech - February 2021.


See also


External links