Lawmakers blast prospect of e-pound use by ordinary Brits, but say it could work for corporate transactions
The prospect of a digital version of the British pound used for everyday transactions could cause financial instability and harm privacy, according to a new report by a House of Lords committee.“The introduction of a UK CBDC (Central Bank Digital Currency) would have far-reaching consequences for households, businesses, and the monetary system for decades to come, and may pose significant risks depending on how it is designed,” the committee sai …
