Bank of England Governor: review of central bank-backed digital currency

2020-7-13 23:53
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Bank of England Governor Andrew Bailey has said the Bank of England (BoE) is considering setting up a bank to support digital financial services, according to Bloomberg. "We will continue to review it as it has a major impact on payments and the fate of people."

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Almost all of the 25 million tokens auctioned by Algorand are redeemable, discarded and never in circulation.
Public campaign channel Algorand announced that it had destroyed a total of around 25 million exchanged tokens and would no longer be in circulation. Algorand auction rights entitle the auctioneer to receive a refund of 90% of the auction price. The refund process in early 2019 is complete. About 20 million ALGO were reimbursed on a voluntary basis and the reimbursement process was completed in June 2020. In the first round, nearly 25 million ALGO, of which about 5 million ALGO are not for sale, can be redeemed. This means that around 25 million ALGO have been bought back.
2020-7-13 23:42