The digital pound will not replace cash under the proposed Central Bank Digital Currency (CBDC) system, per the Times. Public opinion on CBDCs is generally negative, including concerns about financial privacy and infringement of personal freedoms. Nonetheless, the Bank of England (BoE) said a digital pound is “likely to be needed” in an increasingly digital […]
The post Bank of England’s digital pound won’t replace cash appeared first on CryptoSlate.

CBDC Central Bank Digital Currency Digital Pound

SHARE THIS STORY:

More Stories

Finextra: Wednesday March 27, 2024

ClearBank joins Digital Pound Foundation

ClearBank has announced their membership to the Digital Pound Foundations (DPF) membership community. ClearBank joins the Foundation as an Associate Member and will take part in the Identity and Privacy and Policy, Legal and Regulatory Working Groups.

Digital Pound

Finextra: Thursday February 01, 2024

Labour vows to make UK fintech leader

The UK's Labour party says it will deliver the next phase of Open Banking, become a standard setter for the use of AI, and embrace securities tokenisation and a digital pound if it wins the next election.

Digital Pound