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UK Plans Trial to Issue Blockchain-Based Gilts Within Two Years
The UK plans to begin issuing digital gilts within the next two years, as the government latches onto technology it’s been slow to embrace. Chancellor Rachel Reeves is expected to announce a digital issuance trial in her Mansion House speech to the City of London on Thursday, according to people familiar with the matter. Chancellors traditionally use the forum to announce policies to support the financial industry. The new Labour government is striving to modernize its financial markets, in this case by using blockchain technology that underpins Bitcoin to “tokenize” its government debt. The hope is that it ... (full story)
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- Posted: Nov 11, 2024 2:30pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 124
