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#DigitalPound

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"This research showed that emerging types of PETs [Privacy-Enhancing Technologies], like pseudonymization, zero-knowledge proofs, and secure multiparty computing, might feasibly be applied to digital currency systems such as the digital pound to minimize the sharing of data both with the central bank and between payment intermediaries, giving users greater control over their data and enhancing user privacy."

dci.mit.edu/enhancing-the-priv

MIT Digital Currency InitiativeEnhancing the Privacy of a Digital Pound — MIT Digital Currency Initiative

Published today: the Regulatory Initiatives Grid from the UK Financial Services Regulatory Initiatives Forum that "sets out the regulatory pipeline, in order to give firms a clear view of upcoming regulatory initiatives."

Includes , , , , and

fca.org.uk/publication/corpora


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@sdjohns IANAE[*] but "in 2021 only 15% of transactions involved physical money", kind of implies that there might be a bit of #DigitalPound going on already. Perhaps a task force should be formed to look into this... 🧐

[*] I Am Not An Economist, and I don't play one on TV

HM Treasury and Bank of England announce plans for a digital pound

The BoE has launched a consultation on the introduction of its own digital pound, inviting private companies and members of the public to provide feedback regarding its design and implementation.

computing.co.uk/news/4074207/h

www.computing.co.ukHM Treasury and Bank of England announce plans for a digital pound It would be a new form of sterling which would be used by people and businesses for their routine payments requirements.