Ross Clark Ross Clark

Why central bank digital currencies are terrible

Credit: Getty images

The government and Bank of England seem to have finally woken up to one of the many glaring problems with trying to achieve a cashless society: that there are 1.3 million people in Britain who do not have a bank account. Whether that is because of long-established habit, because they don’t trust banks or because banks don’t trust them, it is an awful lot of people to contemplate shutting out of the economy.

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