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UK CBDC plans stall amid privacy and data concerns

Photo: Getty Images

Bank of England’s response to question of digital pound reflects public concern about privacy and data protection.

Efforts to go cashless have been ramping up over the past few years, accelerated by the Covid pandemic. And a bigger transition is in discussion, that of central bank digital currencies (CBDCs).

As of late February 2024, no decision to adopt a digital pound has formally been made. But theconsultation