BoE governor sees big challenges as it eyes 'digital banknotes'

By David Milliken on Mar 13, 2020 1:55PM

BoE governor sees big challenges as it eyes 'digital banknotes'

As cash use plummets in Britain.

The Bank of England must tread carefully to avoid financial stability dangers if it creates a digital equivalent to its existing banknotes, Governor Mark Carney said on Thursday. Cash usage is falling in Britain, making shoppers and businesses more reliant on electronic money held with banks and ...

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