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Digital pound
UK's Digital Pound Approach Should Help Manage Privacy Concerns, Experts Say
The Bank of England's recent consultation saw 50,000 responses, many welcoming the digital pound's design but sharing concerns about privacy.
Digital Pound Legislation Will Provide Protections to Privacy and Control, Govt Says
Many respondents to the digital pound consultation said that they had concerns about privacy and control.
UK Lawmakers Urge Lower Digital Pound Holding Limits
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.
Digital Pound Consultation Received Over 50,000 Responses, With Privacy a Major Concern
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 Wants Digital Pound Advisers as It Moves to CBDC Design Phase
The Bank of England is recruiting academics for its central bank digital currency engagement forum and asking stakeholders for more information.
Payments Platform Nuggets Working With Bank of England on Privacy Layer for Digital Pound
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.
Some U.K. Lobbyists Argue Digital Pound Should Be Interoperable with Crypto
Lobby groups and crypto companies in the U.K. are generally welcoming of the government's plans for a digital pound, but some of them believe the currency should be interoperable with crypto in order to be suitable for the future. "The Hash" panel weighs in on privacy concerns surrounding central bank digital currencies (CBDCs).
Digital Pound Should Be Interoperable With Crypto, UK Lobbyists Say
Stakeholders also want the Bank of England to consider tougher caps on individual digital pound holdings to prevent bank runs.
UK Digital Pound Probably 5 Years Away: Millicent Labs Co-Founder
On the heels of Rishi Sunak becoming U.K.'s next prime minister, Millicent Labs co-founder Kene Ezeji-Okoye discusses the outlook for the country's digital pound and private stablecoins. "U.K. digital pound is probably 4 to 5 years away before it sees the light of day," Ezeji-Okoye said, adding "We will see private stablecoins regulated here in the U.K. sooner rather than later."
Crypto-Friendly Rishi Sunak Appointed UK Prime Minister Following Truss Exit
Rishi Sunak, who shepherded the U.K.’s new crypto ambitions during his time as finance minister, will be the country’s next prime minister following Liz Truss’ exit from office last week. Millicent Labs co-founder Kene Ezeji-Okoye discusses the move and what this means for crypto. Plus, his outlook for a digital pound and private stablecoins.
