{"id":571700,"date":"2024-01-26T04:00:11","date_gmt":"2024-01-26T04:00:11","guid":{"rendered":"https:\/\/ktsl888.com\/?p=571700"},"modified":"2024-01-25T19:48:10","modified_gmt":"2024-01-25T19:48:10","slug":"bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/","title":{"rendered":"Bank Of England Reconsiders: Potential Freeze On CBDC Launch Raises Concerns"},"content":{"rendered":"

On January 25, the Bank of England (BoE) and HM Treasury published a response to the Consultation Paper regarding a \u2018digital pound\u2019 issued in February of 2023. \u00a0The consultation paper sought the public\u2019s feedback on introducing a UK central bank digital currency<\/a> (CDBC).<\/p>\n

Related Reading: Quant Soars 20% After Partnership With Bank Of England, BIS For CBDC Project<\/a><\/div>\n

Is The UK Ready To Introduce Their CBDC?<\/h2>\n

The BoE and HM Treasury consider that introducing a CBDC could provide people with an “additional choice of safe payment that is fit for the future,” unlock development opportunities for businesses, and make day-to-day payments more “convenient” while reducing costs for those who accept them.<\/p>\n

The consultation response<\/a> highlighted that the consultation marked the beginning of the design phase of the digital pound project and, according to the BoE and HM Treasury, the developing process of a CBDC and its platform will present lasting benefits for the digital economy of the country, regardless of the decision that is ultimately taken.<\/p>\n

The consultation collected over 50,000 responses from the public, including individuals, businesses, and academia. The feedback illustrated some general concerns the respondents had regarding the digital pound.<\/p>\n

Due to these concerns, the response by the BoE and UK Treasury determined that \u201cit is too early\u201d to decide whether to introduce a digital pound, as the feedback makes clear \u201cthat legislation introduced by the Government for a digital pound would need to provide protections to guarantee users\u2019 privacy and control of their money.\u201d<\/p>\n

Respondents Concern Over A Digital Pound<\/h2>\n

The feedback received from the respondents brought forward two key concerns: privacy and the possibility of cash being replaced.<\/p>\n

The response clarified that a digital pound would not replace cash, any existing form of money, or payment like debit and credit cards. However, it would complement physical money and other payment methods \u201cas a new form of digital money for use by households and businesses for their everyday payment needs.\u201d<\/p>\n

To guarantee this, the response explained that \u201cthe Government has legislated to safeguard access to cash, ensuring that it would remain available even if a digital pound were launched.\u201d<\/p>\n

Regarding user privacy<\/a>, the response acknowledged the importance of ensuring trust in a CBDC issued by the central bank is essential. Therefore, to guarantee that privacy is a core design feature of a digital pound, the following measures were made: the BoE and HM Treasury won\u2019t have access to users\u2019 data.<\/p>\n

The BoE committed to exploring technological options to prevent the bank from accessing users\u2019 data through its core infrastructure, and the BoE and UK Treasury would not program the digital pound.<\/p>\n

The BoE and HM Treasury assured their commitment \u201cto maintaining an open and collaborative approach throughout this design phase\u201d by increasing both organization\u2019s engagement with experts from the industry, civil society, academics, and technical specialists.<\/p>\n

Lastly, the response confirms that experiments will be undertaken with companies \u201cto test how a digital pound could work in the real world.\u201d<\/p>\n

The launch of the CBDC will be decided after the design phase culminates around 2025. If the decision to build a digital pound is taken, its introduction will come only after both Houses of Parliament have passed the relevant legislation<\/a>.<\/p>\n

Related Reading: How To Accept Crypto Payments And Who Accepts Bitcoins?<\/a><\/div>\n
\"BTC,<\/div>\n
Bitcoin is trading at $39,781.43 in the daily chart. Source: BTCUSDT on TradingView.com<\/a><\/pre>\n
<\/div>\n
\n
Featured image from Unsplash.com, Chart from TradingView.com<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
On January 25, the Bank of England (BoE) and HM Treasury published a response to the Consultation Paper regarding a \u2018digital pound\u2019 issued in February of 2023. \u00a0The consultation paper sought the public\u2019s feedback on introducing a UK central bank digital currency (CDBC). Related Reading: Quant Soars 20% After Partnership With Bank Of England, BIS For CBDC Project Is The UK Ready To Introduce Their CBDC? The BoE and HM Treasury consider that introducing a CBDC could provide people with an “additional choice of safe payment that is fit for the future,” unlock development opportunities for businesses, and make day-to-day payments more “convenient” while reducing costs for those who accept them. The consultation response highlighted that the consultation marked the beginning of the design phase of the digital pound project and, according to the BoE and HM Treasury, the developing process of a CBDC and its platform will present lasting benefits for the digital economy of the country, regardless of the decision that is ultimately taken. The consultation collected over 50,000 responses from the public, including individuals, businesses, and academia. The feedback illustrated some general concerns the respondents had regarding the digital pound. Due to these concerns, the response by the BoE and UK Treasury determined that \u201cit is too early\u201d to decide whether to introduce a digital pound, as the feedback makes clear \u201cthat legislation introduced by the Government for a digital pound would need to provide protections to guarantee users\u2019 privacy and control of their money.\u201d Respondents Concern Over A Digital Pound The feedback received from the respondents brought forward two key concerns: privacy and the possibility of cash being replaced. The response clarified that a digital pound would not replace cash, any existing form of money, or payment like debit and credit cards. However, it would complement physical money and other payment methods \u201cas a new form of digital money for use by households and businesses for their everyday payment needs.\u201d To guarantee this, the response explained that \u201cthe Government has legislated to safeguard access to cash, ensuring that it would remain available even if a digital pound were launched.\u201d Regarding user privacy, the response acknowledged the importance of ensuring trust in a CBDC issued by the central bank is essential. Therefore, to guarantee that privacy is a core design feature of a digital pound, the following measures were made: the BoE and HM Treasury won\u2019t have access to users\u2019 data. The BoE committed to exploring technological options to prevent the bank from accessing users\u2019 data through its core infrastructure, and the BoE and UK Treasury would not program the digital pound. The BoE and HM Treasury assured their commitment \u201cto maintaining an open and collaborative approach throughout this design phase\u201d by increasing both organization\u2019s engagement with experts from the industry, civil society, academics, and technical specialists. Lastly, the response confirms that experiments will be undertaken with companies \u201cto test how a digital pound could work in the real world.\u201d The launch of the CBDC will be decided after the design phase culminates around 2025. If the decision to build a digital pound is taken, its introduction will come only after both Houses of Parliament have passed the relevant legislation. Related Reading: How To Accept Crypto Payments And Who Accepts Bitcoins? Bitcoin is trading at $39,781.43 in the daily chart. Source: BTCUSDT on TradingView.com Featured image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":571708,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88559],"tags":[296,14703,87100,1119,78790,14702,17024,88440,11774],"class_list":["post-571700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cbdc-2","tag-bank-of-england","tag-boe","tag-british-pound","tag-btc","tag-btcusdt","tag-cbdc","tag-cbdcs","tag-digital-pound","tag-uk-treasury"],"acf":[],"yoast_head":"\nPotential Freeze On CBDC Launch In The UK Raises Concerns<\/title>\n<meta name=\"description\" content=\"The Bank of England and HM Treasy have published a response to their previous consultation paper regarding the launch of a CBDC.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Potential Freeze On CBDC Launch In The UK Raises Concerns\" \/>\n<meta property=\"og:description\" content=\"The Bank of England and HM Treasy have published a response to their previous consultation paper regarding the launch of a CBDC.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-26T04:00:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-25T19:48:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/allison-saeng-ZWiaGCFcfJ0-unsplash.jpeg?fit=1920%2C1459\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1459\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rubmar Garcia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rubmar Garcia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/\"},\"author\":{\"name\":\"Rubmar Garcia\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/515c0d5d0d7854aee877d0932fe88471\"},\"headline\":\"Bank Of England Reconsiders: Potential Freeze On CBDC Launch Raises Concerns\",\"datePublished\":\"2024-01-26T04:00:11+00:00\",\"dateModified\":\"2024-01-25T19:48:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/\"},\"wordCount\":562,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/allison-saeng-ZWiaGCFcfJ0-unsplash.jpeg?fit=1920%2C1459\",\"keywords\":[\"Bank of England\",\"BOE\",\"British Pound\",\"btc\",\"BTCUSDT\",\"CBDC\",\"CBDCs\",\"Digital Pound\",\"UK Treasury\"],\"articleSection\":[\"CBDC\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/\",\"url\":\"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/\",\"name\":\"Potential Freeze On CBDC Launch In The UK Raises Concerns\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/allison-saeng-ZWiaGCFcfJ0-unsplash.jpeg?fit=1920%2C1459\",\"datePublished\":\"2024-01-26T04:00:11+00:00\",\"dateModified\":\"2024-01-25T19:48:10+00:00\",\"description\":\"The Bank of England and HM Treasy have published a response to their previous consultation paper regarding the launch of a CBDC.\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/allison-saeng-ZWiaGCFcfJ0-unsplash.jpeg?fit=1920%2C1459\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/allison-saeng-ZWiaGCFcfJ0-unsplash.jpeg?fit=1920%2C1459\",\"width\":1920,\"height\":1459,\"caption\":\"CBDC, Pound\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bank Of England Reconsiders: Potential Freeze On CBDC Launch Raises Concerns\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/515c0d5d0d7854aee877d0932fe88471\",\"name\":\"Rubmar Garcia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1a5c5c83a8ac34388cefe7d0e708bab3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1a5c5c83a8ac34388cefe7d0e708bab3?s=96&d=mm&r=g\",\"caption\":\"Rubmar Garcia\"},\"description\":\"Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.\",\"url\":\"https:\/\/ktsl888.com\/author\/rubmargarcia\/\"}]}<\/script>\n","yoast_head_json":{"title":"Potential Freeze On CBDC Launch In The UK Raises Concerns","description":"The Bank of England and HM Treasy have published a response to their previous consultation paper regarding the launch of a CBDC.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/","og_locale":"en_US","og_type":"article","og_title":"Potential Freeze On CBDC Launch In The UK Raises Concerns","og_description":"The Bank of England and HM Treasy have published a response to their previous consultation paper regarding the launch of a CBDC.","og_url":"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-01-26T04:00:11+00:00","article_modified_time":"2024-01-25T19:48:10+00:00","og_image":[{"width":1920,"height":1459,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/allison-saeng-ZWiaGCFcfJ0-unsplash.jpeg?fit=1920%2C1459","type":"image\/jpeg"}],"author":"Rubmar Garcia","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Rubmar Garcia","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/"},"author":{"name":"Rubmar Garcia","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/515c0d5d0d7854aee877d0932fe88471"},"headline":"Bank Of England Reconsiders: Potential Freeze On CBDC Launch Raises Concerns","datePublished":"2024-01-26T04:00:11+00:00","dateModified":"2024-01-25T19:48:10+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/"},"wordCount":562,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/allison-saeng-ZWiaGCFcfJ0-unsplash.jpeg?fit=1920%2C1459","keywords":["Bank of England","BOE","British Pound","btc","BTCUSDT","CBDC","CBDCs","Digital Pound","UK Treasury"],"articleSection":["CBDC"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/","url":"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/","name":"Potential Freeze On CBDC Launch In The UK Raises Concerns","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/allison-saeng-ZWiaGCFcfJ0-unsplash.jpeg?fit=1920%2C1459","datePublished":"2024-01-26T04:00:11+00:00","dateModified":"2024-01-25T19:48:10+00:00","description":"The Bank of England and HM Treasy have published a response to their previous consultation paper regarding the launch of a CBDC.","breadcrumb":{"@id":"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/allison-saeng-ZWiaGCFcfJ0-unsplash.jpeg?fit=1920%2C1459","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/allison-saeng-ZWiaGCFcfJ0-unsplash.jpeg?fit=1920%2C1459","width":1920,"height":1459,"caption":"CBDC, Pound"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Bank Of England Reconsiders: Potential Freeze On CBDC Launch Raises Concerns"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/515c0d5d0d7854aee877d0932fe88471","name":"Rubmar Garcia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/1a5c5c83a8ac34388cefe7d0e708bab3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1a5c5c83a8ac34388cefe7d0e708bab3?s=96&d=mm&r=g","caption":"Rubmar Garcia"},"description":"Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.","url":"https:\/\/ktsl888.com\/author\/rubmargarcia\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bank Of England Reconsiders: Potential Freeze On CBDC Launch Raises Concerns","url":"http:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/cbdc-2\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/allison-saeng-ZWiaGCFcfJ0-unsplash.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/allison-saeng-ZWiaGCFcfJ0-unsplash.jpeg?fit=1920%2C1459"},"articleSection":"CBDC","author":[{"@type":"Person","name":"Rubmar Garcia"}],"creator":["Rubmar Garcia"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bank of england","boe","british pound","btc","btcusdt","cbdc","cbdcs","digital pound","uk treasury"],"dateCreated":"2024-01-26T04:00:11Z","datePublished":"2024-01-26T04:00:11Z","dateModified":"2024-01-26T04:00:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bank Of England Reconsiders: Potential Freeze On CBDC Launch Raises Concerns\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/cbdc-2\\\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/cbdc-2\\\/bank-of-england-reconsiders-potential-freeze-on-cbdc-launch-raises-concerns\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/allison-saeng-ZWiaGCFcfJ0-unsplash.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/allison-saeng-ZWiaGCFcfJ0-unsplash.jpeg?fit=1920%2C1459\"},\"articleSection\":\"CBDC\",\"author\":[{\"@type\":\"Person\",\"name\":\"Rubmar Garcia\"}],\"creator\":[\"Rubmar Garcia\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bank of england\",\"boe\",\"british pound\",\"btc\",\"btcusdt\",\"cbdc\",\"cbdcs\",\"digital pound\",\"uk treasury\"],\"dateCreated\":\"2024-01-26T04:00:11Z\",\"datePublished\":\"2024-01-26T04:00:11Z\",\"dateModified\":\"2024-01-26T04:00:11Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/allison-saeng-ZWiaGCFcfJ0-unsplash.jpeg?fit=1920%2C1459","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/571700"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/614"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=571700"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/571700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/571708"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=571700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=571700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=571700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}