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💷 Digital pound will be pseudonymous with a focus on privacy The Bank of England (BoE) 🇬🇧 has made significant develo…
💷 Digital pound will be pseudonymous with a focus on privacy
The Bank of England (BoE) 🇬🇧 has made significant developments in its CBDC program. Tom Mutton, director of fintech at the BoE, recently shared insights on the privacy aspect of the CBDC and why the central bank might look for other options beyond blockchain as the underpinning technology.
“There will be no data shared with the Bank of England, we will know what transactions have happened but we will have no data on the individual who did it. ♻️ While the wallet provider would have the user data but won’t have access to their transaction data.” 🔐