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UK’s digital pound would modernize payments but won't replace cash: Minister

Finance minister Jeremy Hunt says the digital pound, or “Britcoin,” would be issued and backed by the Bank of England, but it won’t negate the use of cash.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

UK’s digital pound would modernize payments but won't replace cash: Minister

Finance minister Jeremy Hunt says the digital pound, or “Britcoin,” would be issued and backed by the Bank of England, but it won’t negate the use of cash.

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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