Central Bank Digital Currency (CBDC): UK Parliament Questions … – Bloomberg

An influential panel in the UK Parliament said the Bank of England should consider whether a state-backed digital pound is really needed because the risks to the banking system and privacy may outweigh the benefits.

The Treasury Committee urged the central bank to “proceed with caution” and think about measures to curtail the risks posed by “Britcoin,” including lowering the limit on the amount of digital pounds consumers can hold.