2023-02-08
Today the Bank of England and @hmtreasury have published a Consultation Paper on the digital pound, a UK central bank digital currency. Find out more here: https://www.bankofengland.co.uk/ ... https://twitter.com/...
CoinDesk
The Bank of England publishes two papers on a new digital pound, seeming to favor centralized databases over a blockchain and limiting to £10K-£20K per person
The Bank of England has set out technical features of its central bank digital currency, which officials have said is likely to be needed.
The Bank of England would not be able to restrict how users' digital pounds are spent. But innovations in technology may allow users to program their money to use it in new ways. Find out more here: https://www.bankofengland.co.uk/ ... https://twitter.com/...
CoinDesk
The Bank of England publishes two papers on a new digital pound, seeming to favor centralized databases over a blockchain and limiting to £10K-£20K per person
The Bank of England has set out technical features of its central bank digital currency, which officials have said is likely to be needed.
The digital pound would be subject to rigorous standards of privacy and data protection. It would be privacy-enhancing by design and would allow users to make choices about their data. Find out more here: https://www.bankofengland.co.uk/ ... https://twitter.com/...
CoinDesk
The Bank of England publishes two papers on a new digital pound, seeming to favor centralized databases over a blockchain and limiting to £10K-£20K per person
The Bank of England has set out technical features of its central bank digital currency, which officials have said is likely to be needed.