Source · Select Committees · Treasury Committee
Recommendation 6
6
Paragraph: 47
Concern about misuse of consumer data by digital pound wallet providers for commercial purposes.
Conclusion
We are also concerned about potential misuse of consumers’ data by the user-facing firms that would manage consumers’ digital pound wallets, particularly given that the commercial use of this data could form a key part of the business model for wallet providers, in a way that it doesn’t for banks.
Paragraph Reference:
47
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 ↗