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The Bank of England should introduce a central bank digital currency. This could be achieved by opening up Bank of England reserve accounts to non-bank companies and individuals. Doing so would address some of the problems associated with the decline of cash, make the payments system more resilient and could promote competition and innovation in payments and current accounts. What is a central bank digital currency? A central bank digital currency refers to a universally accessible,...

Simon Youel
by Simon Youel
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Simon Youel
 

Simon Youel

United Kingdom

Joined this community on Nov 2, 2018

Role
Media & policy officer

Organisation
Positive Money

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