
UK Treasury Committee urges lower holding limits for digital pound
The 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 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 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 PoundDigital Pound
UK lawmakers urge caution on the digital pound, citing concerns about bank runs, privacy, and the need for transparent decision-making.
Digital PoundA digital currency could be introduced before the end of the decade.
Digital Pound