Yes, a altcoin which is made by a bank is centralized ofcourse.
And bank of england: look at this, bitcoin is decentralized (till date) and if you launch a centralized coin with the name of bitcoin (a decentralized cryptocurrency) you are going the wrong way, the community shouldn't (but will?) accept it.
Its like MINITEL , and VIDITEL , and compuserve ......
against the internet in the 90ś
they were al restricted , it wont work.... people will not accept it.
because bitcoin does not need a ID card to use it
As does the internet does not need one.
also writing things in red will not help....
Just chack bitcoin and seragted withness