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Nalezeno "digital pound": 19

UK's Digital Pound Approach Should Help Manage Privacy Concerns, Experts Say

31.1.2024
The U.K.'s approach to handling privacy concerns posed by a digital pound should help quench concerns, according to interviews with a wide range of crypto industry legal and technical insiders

Britcoin: Is a Digital Pound Really on The Horizon?

25.1.2024
The UK Parliament and the Bank of England (BOE) continue to “um and ah” over whether a state-backed digital pound also known as “Britcoin” or a Central Bank Digital Currency (CBDC) is needed. On Wednesday, the UK’s Permanent Secretary of HM Treasury James Bowler, said a digital pound consultation...

Digital Pound Legislation Will Provide Protections to Privacy and Control, Govt Says

25.1.2024
Many respondents to the digital pound consultation said that they had concerns about privacy and control

UK Treasury Advises Lower Limits on Retail Digital Pound Over Fears of Bank Runs

4.12.2023
The UK Treasury Committee advised proceeding slowly on a digital pound in a Dec. 2 report due to financial stability risks like sparking bank runs. Image by Alexey Novikov, Adobe Stock. The UK Treasury Committee released a report on December 2, advising the Bank of England to proceed cautiously...

UK Lawmakers Urge Lower Digital Pound Holding Limits

4.12.2023
They also want the government to tweak plans to make sure the CBDC’s design won’t preclude the possibility of paying interest on the digital pound

UK Residents Flags Privacy Concerns in Digital Pound Consultations: Bank of England

27.10.2023
The Bank of England (BOE) says the majority of 50,000 feedbacks it received from the public consultation on the digital pound revolve around privacy and fiat scarcity concerns. Jon Cunliffe, the bank’s Deputy Governor disclosed in a speech, Money and payments: a ‘black ships’...

Digital Pound Consultation Received Over 50,000 Responses, With Privacy a Major Concern

27.10.2023
Many of the respondents outlined concerns around privacy, programmability and the decline of cash, Jon Cunliffe, deputy governor of the Bank of England said

Bank of England Forms Digital Pound Advisory Group to Shape CBDC Design

10.8.2023
Announced on the Bank's Website on Wednesday, the Bank of England (BoE) has established a digital pound advisory group named the CBDC Academic Advisory Group (AAG) and is actively seeking specialists to join this group as the nation enters the CBDC design phase. ... Read More: Bank of England Forms...

Bank of England Wants Digital Pound Advisers as It Moves to CBDC Design Phase

9.8.2023
The Bank of England has also started recruiting for its central bank digital currency engagement forum

Payments Platform Nuggets Working With Bank of England on Privacy Layer for Digital Pound

5.7.2023
The BofE said in February that a digital pound was likely needed, but that it will not make a decision on issuing one until at least 2025

UK Finance: Digital Pound Holdings Should Be Limited to £5,000 to Avoid Panic

4.7.2023
U.K. Finance, one of the largest finance membership organizations in the U.K., has issued its recommendations to the Bank of England regarding the issuance of a digital pound. The organization stated that individual holdings of the proposed central bank digital currency (CBDC) should be capped...

Digital Pound Should Be Interoperable with Crypto, U.K. Lobbyists Say

22.6.2023
Stakeholders also want the Bank of England to consider tougher caps on individual digital pound holdings to prevent bank runs

Bank of England thinks digital pound can co-exist with private stablecoins

8.2.2023
The central bank wants an e-GBP to be retail-focused and could form part of a "mixed payments economy" alongside cryptocurrency stablecoins

UK's digital pound would modernize payments but won't replace cash: Minister

7.2.2023
Finance minister Jeremy Hunt says the digital pound, or "Britcoin" would be issued and backed by the Bank of England, but won't negate the use of cash

UK Treasury Considers Digital Pound, Maintains Crypto Hub Objective

12.1.2023
The U.K. is mulling over launching a digital pound as it remains committed to becoming a cryptocurrency hub, a government representative has indicated. British authorities should also regulate payments with stablecoins, according to the official. United Kingdom Prepares to Begin Consultation...

British Lawmakers Say a CBDC Is Likely to Hurt Financial Stability — Digital Pound Benefits Overstated

14.1.2022
According to British lawmakers, a central bank digital currency (CBDC) is likely to raise the cost of borrowing while hurting financial stability. They insist the touted potential advantages of a digital pound are being overstated. Erosion of Privacy British lawmakers have said the use of a central...