UK to Pursue Design of Digital Pound Amid Privacy Concerns
The UK Treasury and the Bank of England have announced that they will continue to explore the feasibility and design options for a digital pound, also known as Britcoin. The authorities have also addressed the privacy and security issues raised by the public and lawmakers. The United Kingdom has recently announced that it will actively […]
BoE CBDC May Consider Blockchain Alternatives as Underlying Technology
Bank of England’s (BOE) central bank digital currency (CBDC) program could use a different ledger than the popular blockchain technology as its underlying technology. Tom Mutton, manager of the BoE’s fintech and CBDC program, recently discussed the privacy aspect of the CBDC and why they may consider alternatives to the blockchain as the underlying technology. […]