Cryptocurrency mining rigs composed of Antminer S9 ASIC machines operate on racks at the HydroMiner GmbH cryptocurrency mining facility near Waidhofen an der Ybbs, Austria, on Friday, Jan. 19, 2018. HydroMiner, the Austrian cryptocurrency miner that mines bitcoins with green energy, is weighing an initial public offering to fund an expansion outside its home country. Photographer: Akos Stiller/Bloomberg
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The Financial Times and the Bank of England are seeking ideas from sixth formers on the future of money, in a joint competition for schools to produce the best economic blog.

Students across the UK are invited to write 500 words by the end of January 2019 on “What is the future of money?” Arguments should be backed up with sound reasoning and, if possible, relevant data which can be drawn from the FT, Bank Underground and other resources.

Full details are on the Bank Underground website.

The competition, part of the FT’s programme to offer free digital subscription to 16-19-year-olds in full-time education and their teachers around the world, follows a first joint competition with the Bank of England on the future economy, won by Tyler Curtis from Hall Cross Academy.

Lionel Barber, editor of the FT, said: “We are delighted to partner with the Bank of England to encourage strong writing by sixth formers as part of our commitment to free schools access to the FT to help students in their exams, interviews and future careers.”

Mark Carney, governor of the Bank of England, said: “We’re delighted to be partnering with the Financial Times for a second year. Money lies at the core of everything the Bank of England does and who better to provide a view on what the future holds for money than the next generation — the people who will be designing and using the currencies of tomorrow? We are excited to hear what they have to say.”

The best entries will be published in the FT and on the Bank Underground blog.

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