No ‘convincing case’ for UK retail CBDC, say legislators
Report warns of potential “significant challenges” for financial stability and privacy posed by CBDC
There is currently no “convincing case” for the Bank of England to issue a retail central bank digital currency (CBDC), a report by a parliamentary committee concludes.
The House of Lords Economic Affairs Committee – which includes former BoE governor Mervyn King – described retail CBDC as a “solution in search of a problem”.
The report argues that while retail CBDC “may provide some advantages”, it could also “present significant challenges for financial stability and the protection of
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