BoE study suggests digital pound would be less private than cash
Report, conducted with MIT, says cryptographic techniques would not guarantee privacy
Digital PoundAs the financial landscape evolves, UK lawmakers are advocating a cautious approach to the introduction of a retail digital pound, emphasizing the need for balance between technological innovation and potential risks. Meanwhile, the proposed digital currency, set to be launched in the second half of the decade, is prompting discussions about its impact on financial
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Report, conducted with MIT, says cryptographic techniques would not guarantee privacy
Digital PoundWith the growing interest in CBDCs, the Bank of England released a paper in collaboration with the MIT Digital Currency Initiative that explores solutions to build trust in a potential digital pound.
CBDC Digital PoundAn extensive new survey from The Payments Association, a trade group representing the payments industry, has shown that consumer preference for using cash is already low and likely to decline further.
Digital PoundRecognising the importance of debate on new forms of digital money, DPF will become an initiative within Innovate Finance.
Digital PoundInnovate Finance, the industry body for and voice of #UK #FinTech, and the Digital Pound Foundation (DPF) have agreed to join forces, recognising the increasing impact of public debates on new forms of digital money.
Digital PoundAt the Group of Thirty's 39th Annual International Banking Seminar, BoE Governor Andrew Bailey emphasized the need to modernize payment systems, particularly cross-border and wholesale payments.
CBDC