The Bank of England’s head of fintech recently claimed the “digital pound” would feature the highest standards for privacy; however, he also stated that “anonymity” was a policy problem for cryptocurrencies that “shouldn’t be allowed to continue.”
plans usage limits on stablecoins used for payments due to concerns the rapid introduction of such digital currencies could lead to financial instability,…
The Bank of England is currently exploring the tokenization of bank, non-bank, and central bank money after noticing the rise in popularity of stablecoins and CBDCs.