The Bank of England received 50,000 responses to its consultation on a digital pound, with concerns about privacy, programmability, and decline of physical cash. The deputy governor assures privacy levels will be the same as current payments and discusses upcoming regulations. Critics debate potential effects and the bank is also considering regulations for stablecoins.
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The Controversy Surrounding the Bank of…
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The Bank of England received 50,000 responses to its consultation on a digital pound, with concerns about privacy, programmability, and decline of physical cash. The deputy governor assures privacy levels will be the same as current payments and discusses upcoming regulations. Critics debate potential effects and the bank is also considering regulations for stablecoins.