In the statement made by the Bank of England (BoE), cryptocurrencies were defined as unqualified criminal devices, while the functionality of digital central bank money (CBDC) was highlighted.
Fintech director of the Bank of England Tom HuttonSpeaking at the Crypto and Digital Assets Summit in London, the UK’s CBDC He talked about his plans. In his statement, cryptocurrencies in harsh statements on his anonymity Hutton, where CBDC technology will provide advantages brought to the fore.
Government-issued CBDCs will never be should not contain anonymity advocating director, digital pound plans can only be “having the highest privacy standardsI“ stated that it is applicable.
Describing cryptocurrencies as an almost unqualified crime tool, Hutton said that the digital pound was combined with cryptocurrencies. not working integrated stressed that:
Cryptocurrencies do not fulfill any function of real money in terms of usage. For this reason, Digital Pound will need to operate independently of the cryptocurrency ecosystem.
Similar statements were made on 17 April by the Deputy Governor of the Bank of England. John CunliffeIt had come from. While Cunliffe praises CDBCs, such technological integrations are for the money ecosystem. efficiency and functionality He had argued that he would.
On the other hand, among the crypto community widespread aspect CBDCs, according to the expressed opinion, are to abuse open surveillance over products and the financial movements of society dystopia able to create dangers they can bring with them. Like-minded Florida Governor Ron DeSantisCBDCs in recent weeks security threat He described it as a law and introduced a bill to ban it in the state.