Is UK’s digital pound ‘Britcoin’ innovation or a darker kind of 1984-esque state control?

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City AM

By Darren Parkin No doubt I will be slammed as being ‘alarmist’, branded as ‘sensationalist’, and as ‘serving my own vested interests’. However, it is important to look at the UK’s recently announced plans for a digital pound – or ‘Britcoin’ – beyond the press releases being presented by the Treasury and the Bank of England. Last Friday, here in CityAM, we predicted that Britain is to launch its own central bank digital currency (CBDC). Today, Tuesday, this has been confirmed, with the BBC reporting that, “both institutions want to ensure the public has access to safe money that is easy to use…

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