Debate needed on impact of a digital pound, says BoE official

  • Date: 12-Sep-2023
  • Source: Zawya
  • Sector:Technology
  • Country:UAE
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Debate needed on impact of a digital pound, says BoE official

Debate needed on impact of a digital pound, says BoE officialWORLDMiddle EastAfricaIndian Sub-continentChina and Asia Pacific UK and EuropeAmericasRussiaECONOMYGlobalGCCAfricaLevantNorth AfricaISLAMIC ECONOMYIslamic FinanceIslamic BusinessIslamic Finance ReportsIslamic Finance GlossaryBUSINESSAviationBanking & InsuranceCareersEducationEnergyFintechHealthcareHospitalityManufacturingReal EstateRetail & ConsumerTechnology and TelecomTransport and LogisticsTravel and TourismSMEsFinance MarketingTechnologyLegalPeopleMARKETSCommoditiesCurrenciesEquitiesFixed IncomeWEALTHAlternative InvestmentsFundsWealth ManagementSustainabilityLEGALCrime and SecurityImmigrationPolicy RegulationsLIFECultureEntertainmentFoodHealthLeisure & TravelSportsOPINIONBusiness InsightsPROJECTSBRIConstructionIndustryMiningOil & GasUtilitiesSPECIAL COVERAGERamadan and Eid 2023COP 28: Talking Climate in UAEUAE Realty MarketThe Future of CryptosFocus: Global Wealth FundsRussia-Ukraine CrisisMULTIMEDIAGalleriesVideosPRESS RELEASE Companies NewsGovernment NewsPeople in the NewsResearch & StudiesEvents and ConferencesAfrica Press ReleasesAsia Press ReleasesHome page>WORLD>UK and Europe>Debate needed on impact ...PHOTOA "national conversation" is needed on whether to press ahead with a digital version of the pound, given concerns over privacy and other "anxieties", Bank of England deputy governor designate Sarah Breeden said on Tuesday.Breeden, currently an executive director at the Bank, told parliament's Treasury Committee that the impact on financial stability is also a concern regarding a digital pound. (Reporting by Huw Jones and Muvija M, editing by Sachin Ravikumar)Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is