After revealing crypto regulation guidelines last week, the UK's Treasury and central bank will publish a consultation report on the digital pound tomorrow morning.
After revealing crypto regulation guidelines last week, the UK’s Treasury and central bank will publish a consultation on the digital pound tomorrow morning.
UK Economic Secretary to the Treasury Andrew Griffith promised the report last month, while also looking to assuage privacy concernsgovernment and Bank of England have said that although they would not program or track spending, the digital pound would not be anonymous, so as to prevent money laundering.
"While cash is here to stay, a digital pound issued and backed by the Bank of England could be a new way to pay that’s trusted, accessible and easy to use,” Chancellor of the Exchequer Jeremy Hunt said in the announcement."That’s why we want to investigate what is possible first, whilst always making sure we protect financial stability.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Treasury Says More Electric Vehicles Will Qualify For Tax CreditThe Biden Administration has expanded the number of electric vehicles that will qualify for a tax credit. See potential bias and similarities in coverage from FoxBusiness, Reuters, and Bloomberg:
Read more »
S&P 500 Futures, Treasury bond yields portray risk aversion amid US-China tension, Fed concernsS&P 500 Futures, Treasury bond yields portray risk aversion amid US-China tension, Fed concerns – by anilpanchal7 SP500 Futures YieldCurve China Fed
Read more »
Gold Price Forecast: XAU/USD bears flex muscles as United States Treasury bond yields reboundGold price (XAU/USD) holds lower ground near $1,865, after declining to the fresh one-month low the previous day. The metal’s latest weakness could be
Read more »
Treasury Now Classifies Tesla Model Y As An SUVLast month, the Treasury Department said the Tesla Model Y was a passenger car for tax credit purposes. Now it has changed its mind.
Read more »
Treasury yields soar as investors assess economic outlookU.S. Treasury yields climbed on Monday as investors assessed the economic outlook and awaited data releases and Fed speaker remarks slated for the week.
Read more »
Treasury Secretary Janet Yellen rejects recession fears, says economy is 'strong'Treasury Secretary Janet Yellen rejected recession fears in an interview with GMA, saying the economy remains 'strong and resilient.'
Read more »