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

[Jan 31, 2024 2:55 AM] 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.

Bank Of England Reconsiders: Potential Freeze On CBDC Launch Raises Concerns

[Jan 25, 2024 10:00 PM] On January 25, the Bank of England (BoE) and HM Treasury published a response to the Consultation Paper regarding a ‘digital pound’ issued in February of 2023.  The consultation paper sought the public’s feedback on introducing a UK central bank…

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

[Jan 25, 2024 4:33 AM] Many respondents to the digital pound consultation said that they had concerns about privacy and control.

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

[Oct 27, 2023 6:04 AM] 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

[Aug 9, 2023 10:53 AM] 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

[Jul 5, 2023 8:00 AM] 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

[Jul 4, 2023 2:00 AM] 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…

Digital Pound Should Be Interoperable With Crypto, UK Lobbyists Say

[Jun 22, 2023 6:04 AM] Stakeholders also want the Bank of England to consider tougher caps on individual digital pound holdings to prevent bank runs.

Quant Soars 20% After Partnership With Bank Of England, BIS For CBDC Project

[Jun 18, 2023 8:50 AM] The native currency of Quant, a  blockchain platform that helps financial institutions incorporate digital currencies into their businesses, on June 15 soared 20% following its partnership announcement with the Bank of England for Project Rosalind…

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

[Feb 7, 2023 9:24 PM] 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

[Feb 6, 2023 10:52 PM] 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

[Jan 12, 2023 3:00 AM] 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…