Bank of England is at crossroads over the use of crytocurrencies and establishing a financial framework for transactions
T
here are those among us who like the idea of swiping and tapping their way through life, armed with a lifetime of digital information as they enter buildings, book online appointments and take train rides to work.
Others are not so keen, fearing that big brother databases chock full of personal details will one day control their movements, if that is not happening already.
In the case of cryptocurrencies, and even their nicer sounding cousins – stablecoins – the potential for users to be tracked and traced is writ large, with the added prospect of a shift to digital money leading to unemployment-inducing financial crashes even more frequently than in the past.
