The BoE’s head of fintech is apparently all-in on the digital pound but believes cryptocurrency “anonymity” shouldn’t be allowed to continue.
to a report, Hutton’s talk focused on privacy and anonymity — concepts he says are at odds with each other regarding the Bank of England’s digital currency focus.
While describing the U.K.’s plans for a digital pound as only being viable if “it has the very highest standards of privacy,” Mutton explained such a product was never meant to feature anonymity:Apparently referencing the potential for cryptocurrency to be used in the commission of criminal acts — something experts estimate accounts for— Mutton also mentioned that anonymity was “a public policy problem and something that should not be allowed to continue.
In further comments, Mutton explained that the digital pound would not be interoperable with cryptocurrencies. His reasoning: They don’t “fulfill any of the functions of money.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
BoE unlikely to disrupt the current positive Pound performance – MUFGThe Pound remains the top performing G10 currency in 2023, and the second best performing in Q2 to date. Economists at MUFG Bank do not expect the Ban
Consulte Mais informação »
Fast & Furious 11 Already Faces A Big Franchise Ending ChallengeAs Fast and Furious 11 concludes the Fast Saga, it must face the challenge of fulfilling a promise the franchise has ignored for several years.
Consulte Mais informação »
Fantasy Island Showrunners Break Down Season 2 FinaleWe break down season 2 FantasyIsland with showrunners Liz Craft & Sarah Fain, who chat about crafting the finale's revenge story and what to expect in season 3 of the FOXTV series:
Consulte Mais informação »
GBP/USD bulls keep the reins above 1.2600 as US inflation, BoE and UK GDP loomGBP/USD makes rounds to the highest level in a year, steady near 1.2635 during early hours of Monday morning in Asia. Even so, the Cable pair buyers o
Consulte Mais informação »
GBP/USD refreshes weekly high above 1.2650 as BoE prepares for a fresh rate hikeGBP/USD has printed a fresh weekly high at 1.2653 in the early European session. The Cable has shown a stellar rally and is expected to extend its ups
Consulte Mais informação »
GBP/USD: Hawkish BoE hike may keep Cable in the ascendancy – SocGenGBP/USD resumed trading above 1.26. Economists at Société Générale expect Cable to remain elevated on a hawkish Bank of England (BoE) this week. A thr
Consulte Mais informação »