Business
A ‘Britcoin’ could be a financial game-changer – Sydney Morning Herald
Until now, most of the world’s leading central banks have taken a slow and steady approach to creating their own digital currency. The UK may have just changed…
Most of the major central banks, including the RBA, have been hastening slowly in their explorations of digital currencies, largely because they recognise the potential of digital money to transform their financial systems, and not always in a good way.
Trends within the major financial systems away from cash and towards e-money and e-payments on private platforms provide the underlying rationale for their interest but the speed at which China is moving and the implications of a major central bank-issued…
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