UK Government to Open Consultation on Digital Pound, Citing Privacy and Financial Inclusion Concerns
• Consultation on a digital pound set to be released on Thursday by the UK Treasury
• Permanent secretary James Bowler says government is proceeding cautiously due to privacy, financial inclusion, and other concerns
• Original consultation opened in February 2021 and received over 50,000 responses
• Privacy was a major concern highlighted in the consultation responses
• Cross-party Treasury Select Committee asked for lower limits on holdings and for digital pound to bear interest