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Rishi Sunak launches taskforce on Bank of England digital currency

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Chancellor says move is one of measures designed to boost City after UK’s Brexit departure from EU

A Bank of England digital currency for the UK has moved a step closer after the chancellor Rishi Sunak announced a top-level taskforce to explore the benefits and risks of the idea.

Sunak said a joint Treasury-Bank of England taskforce was being set up as part of a range of measures designed to boost the City following Britain’s departure from the EU.

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