In brief
We do the research, you get the alpha!
Britcoin? #UKFW21 https://t.co/Slk5lwUvrV
— Rishi Sunak (@RishiSunak) April 19, 2021
$71,438.00
7.91%$3,668.74
19.55%$7.58
9.42%$600.02
4.56%$186.48
9.62%$3,665.24
19.49%$1.00
0.04%$0.537615
5.47%$0.165502
11.00%$6.54
4.40%$0.502851
7.61%$40.24
12.98%$0.00002592
8.65%$71,303.00
7.58%$0.124448
2.79%$517.55
6.53%$17.27
3.94%$8.29
6.50%$9.34
21.98%$0.751525
10.01%$88.69
7.66%$13.56
7.47%$2.43
10.51%$5.97
1.44%$32.32
17.14%$0.00001129
23.22%$3,797.08
19.13%$10.86
8.01%$0.117757
5.96%$9.10
12.13%$2.56
14.35%$3,603.31
18.95%$0.999656
0.08%$8.93
8.86%$0.128433
5.23%$6.17
11.19%$1.023
8.46%$0.112446
6.50%$0.337963
12.05%$2.91
18.47%$2.13
9.14%$47.49
-1.05%$51.13
4.38%$0.128623
5.54%$1.13
16.26%$3,166.93
14.23%$2.82
11.27%$406.71
11.36%$1.15
11.44%$0.0368428
7.63%$28.22
16.94%$0.921036
8.81%$1.002
0.10%$2.49
15.70%$134.89
0.24%$7.29
10.52%$0.0002145
11.15%$4,048.05
19.14%$0.00003036
20.52%$2.09
20.99%$0.04297436
-0.30%$9.63
9.44%$3,778.42
19.20%$1.26
7.04%$0.580567
11.05%$1.86
5.32%$1.14
4.95%$0.188891
7.93%$101.35
7.11%$0.02965867
19.41%$10.08
2.48%$98.01
14.95%$0.955723
9.90%$0.968506
7.53%$70.12
7.77%$6.00
8.18%$1.017
10.64%$0.829727
16.19%$0.00000125
6.53%$2.13
10.71%$16.36
10.72%$0.02836376
5.31%$7.87
11.40%$14.15
10.09%$221.64
9.41%$19.53
3.05%$0.124776
8.95%$41.19
8.64%$5.06
7.75%$8.16
3.99%$0.467749
9.80%$0.00005302
7.03%$0.02048907
-3.48%$0.570745
7.41%$0.02095275
7.03%$10.26
6.13%$0.852822
8.78%$2.27
3.36%$3.00
11.36%$0.985707
8.26%$0.238758
8.51%$2.94
14.55%$0.879471
9.10%$0.845331
10.25%$3,670.41
20.36%$6.05
25.12%$3,695.76
19.22%$43.53
8.51%$352.07
19.23%$1.21
14.75%$0.466843
11.26%$0.01247288
12.52%$220.50
9.07%$0.85928
7.41%$1.30
9.19%$1.44
10.80%$4.74
5.99%$19.77
14.13%$0.700982
6.31%$0.231891
13.10%$0.01695815
11.50%$0.112944
10.81%$3,658.22
19.41%$0.998485
0.53%$2.77
7.30%$12.39
-2.05%$0.462112
20.26%$1.042
7.97%$3,849.23
18.94%$0.187657
7.01%$3,913.75
19.17%$20.84
10.32%$38.89
6.20%$1.02
10.73%$0.096951
10.06%$0.998954
0.13%$0.00011097
7.00%$0.0000003
6.67%$0.394811
12.01%$2.00
-0.20%$0.334654
13.06%$0.753099
6.83%$93.21
14.94%$2,426.76
0.37%$0.904939
8.57%$2.13
10.83%$0.00563962
1.96%$5.04
10.03%$3,958.30
18.85%$2.60
12.36%$0.463505
10.58%$0.558555
8.51%$17.58
22.56%$0.03680089
0.89%$1.51
2.45%$4.44
1.98%$0.095583
8.49%$1.16
17.49%$1.99
11.10%$1.14
10.80%$1.003
0.37%$0.053434
10.28%$0.0270865
12.17%$0.579575
4.41%$0.908471
11.82%$2.84
11.39%$0.334119
8.43%$0.41911
10.22%$0.04602015
4.17%$0.00946557
13.94%$0.00000048
2.61%$0.450897
6.65%$0.04733208
9.69%$4.81
5.83%$1.13
5.81%$3,750.18
18.86%$0.230662
10.02%$3.99
22.01%$0.274961
-0.71%$0.02463917
9.09%$5.41
7.09%$0.053016
28.25%$0.331643
10.81%$1.71
8.00%$79.24
33.77%$0.0321897
11.82%$2,416.50
0.49%$73.53
19.09%$3.75
10.36%$0.550414
6.85%$4.33
2.72%$0.00745305
6.32%$0.08197
14.74%$0.00237917
9.93%$20.54
12.41%$0.607503
7.56%$1.64
13.86%$59.80
8.72%$3.88
8.59%$3.75
14.49%$0.00118033
7.13%$0.411685
13.32%$0.00715214
4.92%$1.00
0.14%$0.545406
2.76%$1,433.97
7.76%$8.26
9.55%$0.255624
8.50%$0.03932068
9.38%$0.817297
4.40%$25.04
7.64%$0.91899
7.27%$0.753733
6.72%$9.29
19.36%$4.64
11.34%$31.07
7.68%$9.99
20.78%$0.03971179
7.15%$0.02922984
5.69%$5.37
7.85%$0.276185
10.76%$3.57
9.92%$0.919023
8.21%$0.796913
7.77%$21.21
9.42%$0.521476
20.63%$47.50
11.58%$32.49
9.32%$0.03320683
4.83%$0.929704
6.33%$33.94
17.69%$0.360525
13.65%$3,877.14
20.62%$0.0000008
51.21%$0.00404584
7.25%$0.00097354
34.00%$78.78
16.48%$46.04
12.97%$117.72
0.21%$2.65
6.41%$0.371325
12.87%$0.951863
6.54%$0.439438
47.14%$0.328134
8.72%$0.380448
11.81%$3.63
5.19%$3.94
7.49%$0.354708
15.60%The Bank of England and HM Treasury have launched a task force to coordinate the exploration of a central bank digital currency (CBDC), according to a statement. The joint project will explore how a potential digital currency would work and the possible risks associated with it.
The UK government and the Bank of England have not made a decision on whether they want to introduce a CBDC, although the joint project is the biggest move they have made in this regard.
The Bank of England has also announced the creation of an Engagement Forum to get feedback on the non-technical elements of introducing a CBDC, and a Technology Forum to look at the technical challenges of building one.
A CBDC Unit has also been created within the Bank of England, specifically focused on the exploration of a CBDC. It will work with other UK agencies and international authorities.
The CBDC Taskforce will provide an assessment of the case for a CBDC in the UK. It will also monitor how other countries around the world are developing their own digital currencies, with the goal of keeping the UK at the forefront of this technological evolution.
The CBDC Taskforce will be led by Jon Cunliffe, deputy governor for financial stability at the Bank of England and Katharine Braddick, director general of financial services at HM Treasury. British finance minister Rishi Sunak responded to the HM Treasury's announcement on Twitter by christening the effort with a one-word tweet: "Brticoin?"
Britcoin? #UKFW21 https://t.co/Slk5lwUvrV
— Rishi Sunak (@RishiSunak) April 19, 2021
In March 2020, the Bank of England released a discussion paper on the opportunities, challenges and design of a CBDC. It put forward seven ways a CBDC could support the Bank of England’s goals to maintain financial stability. These include avoiding the risks of new forms of private money, such as Bitcoin, and helping to support cross-border payments.
The UK is one of a number of states currently exploring a CBDC; China is currently conducting advanced trials of its Digital Currency, Electronic Payment (DCEP) system, while Japan's central bank in April launched the first phase of a feasibility study into a digital Yen. Closer to home, the president of the European Central Bank, Christine Lagarde, recently said that a decision on whether to release a digital Euro will be taken by the middle of this year.