Citi Persuaded that Digital Money is Inevitable, Encourages U.K. Government to Create its Own

In March, after receiving more than 120 replies to a call for information on digital currencies, the U.K. government released a Treasury document titled “Digital Currencies: Response to the Call for Information,” which summarizes the submissions received and outlines the government’s views and proposed next steps. In particular, the government is launching a £10 million (U.S. $14.6 million) research initiative on digital currencies. One of the replies to the U.K. government call for information came from the global bank Citi. The bank is persuaded that digital money adoption is inevitable, and the U.K. government should consider issuing its own digital money, Finextra reports. The full text of the Citi document was obtained by CoinDesk via a Freedom of Information request. […]

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Gold Bullion Is “100% Guarantee from Legal and Political Risks” – Russia

– Gold is “100% guarantee from legal and political risks” – Russia’s central bank buys another 300,000 ounces in April – Russia views its overseas assets as vulnerable – ‘De Dollarisation’ continues across Asia – Gold offers protection from growing risks today Russia’s central bank once again increased its gold holdings substantially in April. They […]

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