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The House of Lords Economic Affairs Committee has attacked CBDCs, saying that they are a “solution in search of a problem.”
Here we list some of the threats and risks identified by the House of Lords.
A thread:
#CBDC #CBDCs #KeepCash
Here we list some of the threats and risks identified by the House of Lords.
A thread:
#CBDC #CBDCs #KeepCash
PRIVACY:
“A CBDC system could not support anonymous transactions....
This lack of anonymity is to prevent CBDCs facilitating large-scale criminal activity, and to ensure a CBDC system complies with national disclosure laws that apply to payments"….
“A CBDC system could not support anonymous transactions....
This lack of anonymity is to prevent CBDCs facilitating large-scale criminal activity, and to ensure a CBDC system complies with national disclosure laws that apply to payments"….
“This means payments data on CBDC users would exist and would be accessible to some authority or institution.
There is concern about the potential for state surveillance.”
Of course the tax authorities, with their strong investigatory powers, would get hold of CBDC data.
There is concern about the potential for state surveillance.”
Of course the tax authorities, with their strong investigatory powers, would get hold of CBDC data.
