The Bank of England is preparing to launch a central bank digital currency (CBDC), according to reports.
The major central bank’s introduction of the digital pound will pave the way for unprecedented levels of financial surveillance, in the UK and beyond.
The CBDC will be launched alongside the government’s recent National Payments Vision.
This initiative represents a decisive move toward a system where every transaction is meticulously tracked and monitored.
While the Bank of England claims the digital pound will prioritize “privacy, not anonymity,” these assurances feel increasingly hollow. […]
— Read More: slaynews.com
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