UK Digital Pound Suffers Public Backlash – Why?

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British society is civil and democratic, so it was not sudden that the British authorities would “seek the advice of” the general public earlier than approving a digital model of the British pound. Nonetheless, the response obtained might have been shocking.

A public attraction collectively carried out by the Royal Treasury and the Financial institution of England from February to June 2023 attracted about 50,000 responses, upsetting a “public backlash”. based on To the Telegraph — England newspaper There was “widespread public concern about privateness and outrage over the attainable affect on money.”

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