{"id":599690,"date":"2023-12-02T13:48:35","date_gmt":"2023-12-02T10:48:35","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/uk-legislators-urge-caution-in-retail-digital-pound-rollout\/"},"modified":"2023-12-02T13:48:35","modified_gmt":"2023-12-02T10:48:35","slug":"uk-legislators-urge-caution-in-retail-digital-pound-rollout","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/uk-legislators-urge-caution-in-retail-digital-pound-rollout\/","title":{"rendered":"#UK Legislators urge caution in retail digital pound rollout"},"content":{"rendered":"

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                                The committee\u2019s report recommends imposing lower initial limits on the value of retail digital pounds to alleviate the risk of potential bank runs amid market instability.\n                <p>British legislators are urging a careful stance regarding implementing a retail digital pound. \n<\/code><\/pre>\n
Members of the Treasury Select Committee have expressed<\/a> reservations regarding the possible launch of a retail digital pound, underscoring the need for thoughtful examination before execution.<\/p>\n
In the interim, the committee\u2019s report recommends imposing lower initial limits on the value of retail digital pounds to alleviate the risk of potential bank runs amid market instability. <\/p>\n
Screenshot of the Treasury Committee report\u00a0 \u00a0Source: UK Parliament<\/em><\/figcaption><\/figure>\n
The report addressed privacy concerns, recommending that any legislation introducing a digital pound should strictly limit the use of data by the government or the BoE. <\/p>\n
The report proposes that in the event of legislation for the introduction of a digital pound, it should expressly limit the Government and Bank of England from utilizing data acquired through the digital pound for purposes beyond those already sanctioned for law enforcement.<\/p>\n
Related: <\/em><\/strong>UK crypto hodlers get a call from the tax grinch<\/em><\/strong><\/p>\n
Committee chair Harriett Baldwin stressed the need for compelling evidence before contemplating the introduction of a retail digital pound. <\/p>\n
Read more<\/p>\n
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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"
The committee\u2019s report recommends imposing lower initial limits on the value of retail digital pounds to alleviate the risk of potential bank runs amid market instability. <p>British legislators are urging a careful stance regarding implementing a retail digital pound. Members of the Treasury Select Committee have expressed reservations regarding the possible launch of a retail…<\/p>\n","protected":false},"author":1,"featured_media":599691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-12\/2ce25ad6-f9ff-4f79-9edf-02cfa289fb17.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,75046,74863,88784,74355,55229],"class_list":["post-599690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cbdc","tag-cryptocurrencies","tag-uk-government","tag-adoption","tag-law"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/599690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=599690"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/599690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/599691"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=599690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=599690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=599690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}