Responses to hmtreasury and bankofengland plans for a digital pound are coming in. Some U.K. stakeholders want the CBDC to be interoperable with crypto while others are calling for tougher caps on individual holdings. camomileshumba reports
Central Banks Successfully Test Over 30 CBDC Use Cases, Including Offline PaymentsThe digital pound system might also enable offline payments though this could result in “complexities that affect system security and performance,” the BoE working paper said.
“If the purpose is to ensure uniformity of money and protect privacy in a world of digital assets, then it will need to be able to work with the digital assets of the future, and it will need to be just as easy to use,” Paul said. that could facilitate both tokenized assets and CBDCs that it said could enhance the global financial system, although it is uncertain if such a concept would be feasible in reality.
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