After revealing crypto regulation guidelines last week, the UK's Treasury and central bank will publish a consultation report on the digital pound tomorrow morning.
After revealing crypto regulation guidelines last week, the UK’s Treasury and central bank will publish a consultation on the digital pound tomorrow morning.
UK Economic Secretary to the Treasury Andrew Griffith promised the report last month, while also looking to assuage privacy concernsgovernment and Bank of England have said that although they would not program or track spending, the digital pound would not be anonymous, so as to prevent money laundering.
"While cash is here to stay, a digital pound issued and backed by the Bank of England could be a new way to pay that’s trusted, accessible and easy to use,” Chancellor of the Exchequer Jeremy Hunt said in the announcement."That’s why we want to investigate what is possible first, whilst always making sure we protect financial stability.”
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