Plans for a UK 'digital pound' have encountered skepticism from Bank of England officials, casting doubts on the timeline for its introduction.
Insider concerns about privacy and costs, alongside conspiracy theories, have raised uncertainty about the future of the UK central bank digital currency.
'A digital pound would theoretically provide a secure electronic form of money, but fears persist regarding government control over personal spending,' warns Nigel Farage.
Policymakers at the Bank of England are divided on the UK's digital currency plans, weighing its potential benefits against significant pitfalls.
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