BoE study suggests digital pound would be less private than cash
Report, conducted with MIT, says cryptographic techniques would not guarantee privacy
Digital Pound
The use of physical currency for transactions is plummeting globally, so why is the U.K. so tentative with its own central bank digital currency?
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