The Bank of England launches the Digital Pound Lab to test CBDC applications and design.
The Bank of England announces the opening of a 'Digital Pound Lab' to test central bank digital currency innovations.
Bank of England is examining zero-knowledge proofs for digital pound privacy. This could enhance user control over personal data while maintaining transparency. Research with MIT's Digital Currency Initiative shows potential but highlights limitations. A balance between privacy and regulation is crucial for successful implementation.
London City ambassador warns that Central Bank Digital Currencies (CBDCs) could threaten personal privacy.
Barclays is exploring the design and potential applications of a digital pound for smooth integration with commercial bank money.