UK MPs urge caution on creation of digital pound

UK parliamentarians on the cross-party Treasury Committee have urged to Bank of England to address data privacy and financial stability concerns before considering the implementation of a digital pound.

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UK Lawmakers Urge Lower Digital Pound Holding Limits

They also want the government to tweak plans to make sure the CBDCs design wont preclude the possibility of paying interest on the digital pound.

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UK Lawmakers Still Not Sold on Digital Pound

British lawmakers say theyre still not sure their country needs a digital currency. The Treasury Select Committee noted serious risks to a CBDC.

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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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