Express
UK Parliament's Treasury Committee Issues Stern Warning on Retail CBDC
Summary: The UK Parliament’s Treasury Committee has issued a stern warning over the development of a retail central bank digital currency (CBDC), or 'digital pound,' and its potential harm to financial stability, according to the UK Parliament's official website. Lawmakers previously urged the Bank of England and H.M. Treasury to thoroughly consider data privacy and financial ...
The UK Parliament’s Treasury Committee has issued a stern warning over the development of a retail central bank digital currency (CBDC), or 'digital pound,' and its potential harm to financial stability, according to the UK Parliament's official website.
Lawmakers previously urged the Bank of England and H.M. Treasury to thoroughly consider data privacy and financial stability issues before moving forward with implementing this new form of currency.
Author: Katie Lin
Tags: Bank of England,CBDC,Central Bank Digital Currency,Digital,H.M. Treasury,pound,Retail,UK Parliament
Link: UK Parliament's Treasury Committee Issues Stern Warning on Retail CBDC [Copy]
