UK legislators to central bank: Proceed with caution on CBDC
While they pledged support for a digital pound for promoting choice and sustaining access to central bank money, the MPs warned about the risks it poses.
CBDC Digital PoundWhile they pledged support for a digital pound for promoting choice and sustaining access to central bank money, the MPs warned about the risks it poses.
CBDC Digital PoundUK lawmakers have strongly advised the authorities to weight the benefits and risks of a digital pound before implementation.
CBDC Central Bank Digital Currency Digital PoundThe UK Treasury Committee has concerns about a potential digital pound CBDC. It wants lower holding limits for financial stability
CBDC Central Bank Digital Currency Digital PoundThey also want the government to tweak plans to make sure the CBDCs design wont preclude the possibility of paying interest on the digital pound.
CBDC Digital PoundBritish lawmakers say theyre still not sure their country needs a digital currency. The Treasury Select Committee noted serious risks to a CBDC.
Digital PoundThe U.K. Parliamentary Treasury Committee issued a stern warning about the development of a retail central bank digital currency (CBDC), or digital pound, and its potential hazards to financial stability. Lawmakers urged the Bank of England and H.M. Treasury to thoroughly consider data privacy and financial stability issues before advancing with the implementation of this []
CBDC Central Bank Digital Currency Digital Pound