As confirmed by several economic outlets, including Bloomberg, Bank of England governor Andrew Bailey took part in a VTALK with students this past Monday for Speakers for Schools. When the subject of digital currency came up, Bailey said: We are looking at the question of, should we create a Bank of England digital currency. We’ll go on looking at it, as it does have huge implications on the nature of payments and society. I think in a few years, we will be heading toward some digital currency. The digital currency issue will be a huge issue. I hope it is because that means Covid will be behind us. While only a short quote, there are several strands to pick up on here. Firstly, Bailey stating that the BOE is looking into creating a CBDC is not a new revelation. I posted a … Continue reading Global Planners Seizing The Opportunity That COVID-19 Has Created ‘Digital Currency ‘