Britons face 20,000 digital pound cap under Bank of England plan – Reuters

Post author By EvidenceNotFear
Post date 8 February 2023

Britons would be limited to 20,000 digital pounds ($24,000) each if the country goes ahead with a digital currency, Bank of England Deputy Governor Jon Cunliffe said on Tuesday.

…Money above the cap would be “swept” into a customer’s commercial bank account given that a digital pound would not be a means for storing wealth, he told members of UK Finance, a banking industry body.

https://archive.today/2023.02.07-202104/https://www.reuters.com/markets/currencies/consumers-face-20000-pound-limit-digital-pound-bank-england-says-2023-02-07/

Tags Bank of England, Central Bank Digital Currencies, Central Banking, Cryptocurrency, Economics, Fourth Industrial Revolution, Government, Policy, Reuters, The Great Reset, UK

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