Digital currency is the future. The quicker we develop an e-pound, the better

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'We’ve paid a high price for regulatory autonomy. Why not use it for something that will benefit everyone?' | DanielJHannan

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One of the many ways in which China is leapfrogging the West is in its development of a state-backed digital currency. The Communist authorities have announced that an electronic yuan will be in circulation in time for the 2022 Beijing Winter Olympics. They expect it to lower transaction costs and boost growth while making fraud and tax evasion harder.

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