Bank of England won't call it Britcoin but says digital pound 'likely to be needed in future'

Technical paper says blockchain probably isn't up to the job

The Bank of England and HM Treasury have declared the UK will probably need a digital version of the pound at some point, and commenced a consultation process to advance plans for the currency so the nation is prepared if a decision is taken to greenlight what's jokingly been called "Britcoin"....