UK lawmakers wary of launching retail CBDC due to privacy, financial stability concerns

The 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 []

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UK digital pound could put financial stability and privacy at risk, MPs warn

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UK Lawmakers Urge Caution In The Introduction Of Retail Digital Pound

UK lawmakers urge caution on the digital pound, citing concerns about bank runs, privacy, and the need for transparent decision-making.

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Benefits of digital pound unclear but Government should keep exploring MPs

A digital currency could be introduced before the end of the decade.

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PayPal Gains FCA Crypto Approval as BoE Pushes Stablecoin Regulation

PayPal gains FCA approval as a registered cryptocurrency firm, while the Bank of England publishes a report on proposed stablecoin regulatory regime.

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News Nuggets | 28 September: NiceHash Exits UK; CFTC Awards Whistleblower over $300,000

Read today's FX/CFDs, crypto and fintech sectors' dynamic news, including latest CFTC's award for whistleblower and NiceHash's departure from the UK.

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