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Bank of England launch digital currency consultation

365 Retail

Officials said on Tuesday that it would launch a consultation on the introduction of a so-called central bank digital currency (CBDC) next year. But it would take until at least 2025 for such a currency to be launched in the UK, the Treasury and Bank of England said.

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Retail Trends: Going Cashless

OrderDynamics

. ” This article mentions that “half the nation’s retailers predict they will stop accepting bills before 2025.” As a result of this rapid shift to digital currencies, there is a growing concern about digital as a form of discrimination.