Petition Adoption of cryptocurrencies as a reserve currency

The Bank of England and HM Treasury must adopt a range of cryptocurrencies to their international currency reserve portfolio. UK institutions have ignored and refused to accept the benefits of cryptocurrency and blockchain technology.

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The benefits of cryptocurrencies and blockchain technology can no longer be ignored. Gold, a slab of metal, as reserve currency is heavily outdated. Unlike gold or foreign currency, cryptocurrency cannot be faked, cannot be stolen, does not require heavy physical security, can be easily transferred and can be produced whenever needed. With the impending impact of the pandemic on the global economy, cryptocurrencies are an effective hedge against inflation.

This petition is closed This petition ran for 6 months

10 signatures

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10,000

Date closed 3 September 2021
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