consultation

The digital pound: A new form of money for households and businesses?

ID 23529

The HM Treasury and the Bank of England have published a joint statement and a correction slip in connection with their consultation on a proposed new central bank digital currency (CBDC) which would be issued by the Bank of England and basically be the digital counterpart to the Great Britain Pound (please see EventID 19656 for a detailed description of the consultation).
In this new statement and accompanying correction slip, the regulators note that they have omitted a highly relevant question in the online response form, namely question number 9 of the consultation, which reads as follows:
„Do you have comments on our proposal that non-UK residents should have access to the digital pound, on the same basis as UK residents?”
Therefore, the regulators are also extending the comment deadline to the consultation up to June 30, 2023. Additionally, they have renumbered some of the questions in the consultation paper due to inconsistencies with those numbers outlined in the Summary of Questions on page 94 and 95. The revised version of the consultation paper may be found here.

Other Features
AFC
banks
Blockchain/DLT
crypto-assets
data protection
digitisation
financial innovation
financial stability
model
payment services
process
resilience
restrictions
risk
standard
working papers
Date Published: 2023-06-01
Regulatory Framework: Digital Finance
Regulatory Type: consultation
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