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‘Britcoin’ digital currency could be in use by end of decade

Bank of England and Treasury weigh up issues involved with creating digital pound

Consumers could be using a new digital pound as an alternative to cash by the end of the decade under plans being drawn up by the Bank of England and the Treasury.

The government is speeding up its response to the rise of privately issued cryptocurrencies and stable coins with a four-month public consultation process on a “Britcoin” starting on Tuesday.

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