Britain yet to make the case for a digital pound, lawmakers say
A digital pound should not be available in large sums initially to avoid the risk of bank runs, British lawmakers said in a report on Saturday that also highlighted the need to safeguard cash and user privacy. The Bank of England and finance ministry have said an electronic form of the pound is likely in the second half of the decade, as 130 countries consider similar moves to keep abreast of technological advances in payments. But lawmakers on the Treasury Select Committee said in their report that while a digital ...
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