Digital pound

Privacy was a central concern for those responding to the Bank of England's ideas on a digital pound, but experts are hopeful. (Camomile Shumba/CoinDesk)
UK's Digital Pound Approach Should Help Manage Privacy Concerns, Experts Say
The Bank of England's recent consultation saw 50,000 responses, many welcoming the digital pound's design but sharing concerns about privacy.
Privacy was a central concern for those responding to the Bank of England's ideas on a digital pound, but experts are hopeful. (Camomile Shumba/CoinDesk)

Bank of England (Camomile Shumba/CoinDesk)
Digital Pound Legislation Will Provide Protections to Privacy and Control, Govt Says
Many respondents to the digital pound consultation said that they had concerns about privacy and control.
Bank of England (Camomile Shumba/CoinDesk)

UK United Kingdom British England Flag (Unsplash)
UK Lawmakers Urge Lower Digital Pound Holding Limits
They also want the government to tweak plans to make sure the CBDC’s design won’t preclude the possibility of paying interest on the digital pound.
UK United Kingdom British England Flag (Unsplash)

Jon Cunliffe (Camomile Shumba/CoinDesk)
Digital Pound Consultation Received Over 50,000 Responses, With Privacy a Major Concern
Many of the respondents outlined concerns around privacy, programmability and the decline of cash, Jon Cunliffe, deputy governor of the Bank of England said.
Jon Cunliffe (Camomile Shumba/CoinDesk)

Bank of England (Camomile Shumba/CoinDesk)
Bank of England Wants Digital Pound Advisers as It Moves to CBDC Design Phase
The Bank of England is recruiting academics for its central bank digital currency engagement forum and asking stakeholders for more information.
Bank of England (Camomile Shumba/CoinDesk)

The Bank of England (Camomile Shumba / CoinDesk)
Payments Platform Nuggets Working With Bank of England on Privacy Layer for Digital Pound
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.
The Bank of England (Camomile Shumba / CoinDesk)

Some U.K. Lobbyists Argue Digital Pound Should Be Interoperable with Crypto
Some U.K. Lobbyists Argue Digital Pound Should Be Interoperable with Crypto
Lobby groups and crypto companies in the U.K. are generally welcoming of the government's plans for a digital pound, but some of them believe the currency should be interopera...
Some U.K. Lobbyists Argue Digital Pound Should Be Interoperable with Crypto

British flag and code (Sean Gladwell / Getty Images)
Digital Pound Should Be Interoperable With Crypto, UK Lobbyists Say
Stakeholders also want the Bank of England to consider tougher caps on individual digital pound holdings to prevent bank runs.
British flag and code (Sean Gladwell / Getty Images)

UK Digital Pound Probably 5 Years Away: Millicent Labs Co-Founder
UK Digital Pound Probably 5 Years Away: Millicent Labs Co-Founder
On the heels of Rishi Sunak becoming U.K.'s next prime minister, Millicent Labs co-founder Kene Ezeji-Okoye discusses the outlook for the country's digital pound and private s...
UK Digital Pound Probably 5 Years Away: Millicent Labs Co-Founder

Crypto-Friendly Rishi Sunak Appointed UK Prime Minister Following Truss Exit
Crypto-Friendly Rishi Sunak Appointed UK Prime Minister Following Truss Exit
Rishi Sunak, who shepherded the U.K.’s new crypto ambitions during his time as finance minister, will be the country’s next prime minister following Liz Truss’ exit from offic...
Crypto-Friendly Rishi Sunak Appointed UK Prime Minister Following Truss Exit