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BITCOIN AND THE BANK OF ENGLAND'S CRYPTOCURRENCYAs New York's experience shows, you don't need a fancy electronic currency to go cashless. But cryptocurrencies are having their day in the sun, and will likely play a
big part in the financial world of the future. -Editor
What’s The Point Of Bitcoin? Arthur Shippee forwarded this half hour BBC World Service program on the past, present, and future of Bitcoin and its technologies. Thanks. Sounds like a great overview.
-Editor
To listen to the complete program, see: The Bank of England's Cryptocurrency Meanwhile, here's an article from The Telegraph about the Bank of England's plans to offer its own cryptocurrency. -Editor
A research unit set up by the Bank is investigating the possible introduction of a crypto-currency linked to sterling. If approved, a virtual currency issued by the bank would pave the way for a revolutionary shake up of high street banking. A Bank of England-issued digital currency would potentially allow British citizens to keep their money - in digital form - with the central bank itself, dispensing with the need for a retail bank. Big-ticket transactions, such as buying a house, could happen in nanoseconds. To read the complete article, see: http://www.telegraph.co.uk/news/2017/12/30/bank-england-plots-bitcoin-style-digital-currency/ (http://www.telegraph.co.uk/news/2017/12/30/bank-england-plots-bitcoin-style-digital-currency/)  Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum All Rights Reserved. NBS Home Page Contact the NBS webmaster 
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