Bank of England Continues to Float Possibility of State-Backed Crypto

[kreslik.news]

The Bank of England (BoE) is still exploring the possibility of a state-backed cryptocurrency, despite its up-and-down prospects in 2018. While not seen as a particularly overarching concern at the moment, the BoE’s Governor Mark Carney has said the issue is still up for consideration, per a Bloomberg report.

Back in January, the Bank of England established a research unit to probe the possibility ‎of issuing a prototype cryptocurrency – a potential timetable was even floated, which could serve as a rival to both Bitcoin and Ethereum if implemented. Since then, the prospects of such an initiative have certainly ... (read more)