Last year Big Brother Watch, a civil liberties campaign group fighting for a free future, published a detailed report examining the impact on citizens of CDBC projects in various countries. None of the projects passed the test of preserving privacy and prohibiting surveillance.
Although the Bank of England and the Government stated in January that no decision has been made to pursue a CBDC, also called a digital pound, in the same announcement it was proclaimed that “work will continue during the design phase exploring its feasibility and potential design choices.” To do this work, three years ago the Digital Pound Taskforce was created to work on the digital pound and related CBDC policy. Despite claiming no decision has been made, it seems they are indeed pursuing a CBDC.
Meanwhile, a bill is moving through Parliament which could grant the Government extraordinary new financial surveillance powers. Is it just a coincidence?...<<<Read More>>>...
