Source · Select Committees · Treasury Committee
Recommendation 4
4
Paragraph: 45
Strong privacy safeguards are vital in the fundamental design of any digital pound.
Conclusion
Strong privacy safeguards would be vital were a digital pound to be introduced. Although the Bank of England and Government state that it is not their intention to be able to access users’ data, it is conceivable that they may in future be tempted to try to make use of such a powerful source of information. It is important to guard against this risk in the fundamental design of the digital pound.
Paragraph Reference:
45
Government Response
A response document is linked to this report, dated 31 January 2024. Response attribution to this conclusion has not been verified. Read the response document ↗