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A BoE-backed digital version of sterling would potentially allow businesses and consumers to hold accounts directly with the bank and to sidestep others when making payments. Mr Gates is reportedly not a fan (Image: GETTY) Mr Sunak told a financial industry conference: "We're launching a new task force between the Treasury and the BoE to coordinate exploratory work on a potential central bank digital currency (CBDC). Other central banks are also looking at whether to set up digital versions of their own currencies. China is a front-runner to launch a CBDC and last week the European Central Bank said it was studying an electronic form of cash to complement banknotes and coins but any launch was still several years away. The BoE said a digital version of sterling would not replace either physical cash or existing bank accounts, bonus codes for bitstarz casino. ''''''''''' ''''''''' ' ''''''''''', bonus codes for bitstarz casino. 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