The United Kingdom wants to become a world cryptocurrency hub!
This comes as its government is looking into creating a "digital pound" as a national cryptocurrency!
Economic secretary to the treasury Andrew Griffith said that eventually, the government planned to, quote, "establish a regime for the wholesale use, for payment purposes, of stablecoins".
If you're not familiar with "stablecoins", they're cryptocurrencies with their values pegged to a specific asset or currency. So, in theory, they maintain a predictable value.
Unlike, say, Bitcoins, which can wildly rise and fall - as we've all seen over the past couple of years!
How comfortable would you be moving from traditional money to a national cryptocurrency? Let us know in the comments, and follow The Bikini Report for more daily headlines!
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