The UKParliament House of Lords Economic Affairs Committee has concluded there is 'no convincing case' for the U.K. to have a CBDC, reports JamieCrawleyCD.
The Economic Affairs Committee of the U.K.'s upper houseto explore how a CBDC might affect the role of the Bank of England, monetary policy and the financial sector. The report published Thursday found that"while a CBDC may provide some advantages, it could present significant challenges for financial stability and the protection of privacy."
The House of Lords committee said it would be"inevitable" that consumers would transfer money from their bank accounts into CBDC wallets. Therefore safeguards would be required on the amount of CBDC individuals could hold to avoid financial instability being exacerbated during turbulent economic times by people replacing bank deposits with digital banknotes.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
New legislation before Congress would bar the Fed from holding retail accounts for a CBDCEmmer said, 'the Fed does not, and should not, have the authority to offer retail bank accounts.'
Weiterlesen »
CBDC wallet tops mobile app store charts in ChinaCBDC mania has arrived in China. The official digital yuan wallet app that was released as a pilot version to be used in select cities has still managed to top app store charts in its first week.
Weiterlesen »
Jan. 6 Committee Seeks Information From House GOP Leader Kevin McCarthyThe select committee investigating the Jan. 6 attack on the U.S. Capitol has asked House GOP Leader Kevin McCarthy to cooperate voluntarily with their probe, seeking information about his conversations with former President Donald Trump before, during and after the riot.
Weiterlesen »
Former White House press secretary Kayleigh McEnany met with January 6 committee, sources sayFormer White House press secretary Kayleigh McEnany on Wednesday appeared before the House select committee investigating the January 6 insurrection, two sources familiar with the matter tell CNN.
Weiterlesen »
House committee calls for changes to Trump-cited electoral actThe House Administration Committee — another key player in the building drive to reform the Electoral Count Act — will call for at least four changes to the century-old legislation in a report being released as early as this week, Axios has learned.Why it matters: Calls to update the act, which dates to 1887 and was the vehicle by which former President Trump hoped to reverse his 2020 election loss, have been a rare area of bipartisan interest in both chambers.Stay on top of the latest market tr
Weiterlesen »