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No compelling reason for Britcoin, UK lawmakers say

By Fiona Maxwell ( January 13, 2022, 00:01 GMT | Insight) -- There are more risks to introducing a central bank digital currency in the UK than there are benefits, lawmakers in the UK's House of Lords concluded in a report today. They found no compelling reason for introducing digital state cash and highlighted potential risks that could arise, including bank disintermediation and privacy concerns.There is “no convincing case” for the introduction of digital sterling, UK lawmakers said in a damning report published today....

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