MPs cool on UK CBDC prospects

Treasury select committee says upsides to digital pound are “unclear”


A House of Commons committee has cast doubt on the value of a UK central bank digital currency, saying any advantages are “unclear”.

In a report published on December 2, the Treasury select committee said a UK CBDC could have “some potential benefits to the UK economy”. It could ensure the availability of a central bank-backed currency if cash falls out of use, support financial inclusion and encourage innovation in financial technology.

“The extent of these benefits is unclear, however,” the

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