'Britcoin' (or the digital pound to give its official name) is a proposal by the Bank of England for a new type of money. It seems likely to happen with over 190 central banks around the world exploring similar ideas for central bank digital currencies (CBDCs). But it is controversial - with public fears about lack of privacy, state control, and the end of cash. The Government has promised a parliamentary vote before the Britcoin can go ahead.
In this podcast with my Macfarlanes colleagues, we discuss how the technology works and I outline the drastic changes that would occur to the economy, finance and money.
You can listen here (with links to listen to the episode via your favourite music apps).
