Bank of England Cancels Plans to Issue a Digital Currency

Central banks all over the world are looking for ways to counter the Bitcoin “threat” these days. Although the issuance of Bitcoin regulation will not do much in this regard, it’s still an option being considered. The Bank of England had plans to issue its own digital currency not that long ago, but it seems this idea has been put on ice indefinitely. That’s due to the potential instability such a currency might cause. Bank of England Reverses Course There have been various rumors regarding the Bank of England issuing its own digital currency at some point in the future. This financial institution is not the only one