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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