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Bank of England bosses say banks don’t need to worry about Britcoin
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fnlondon.comConcerns raised by UK banks about the impact of a central bank digital currency on their business models are partially unfounded, according to top Bank of England officials.
The Bank’s deputy governor for financial stability Sir Jon Cunliffe has said that modelling produced by Threadneedle Street in June, which predicted that up to 20% of retail bank deposits could move into a CBDC, would be just another innovation that banks would have to catch up with.
“Banks...
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