Digital Pound Collapse? Bank of England Backs Off as Public Says ‘No’

TL;DR After spending £24 million on research, the Bank of England is rethinking its digital pound plans due to strong public backlash and privacy concerns. Governor Andrew Bailey now favors tokenized bank deposits over a state-backed currency. At the same time, new regulations will limit bank exposure to cryptocurrencies and strengthen oversight of stablecoins, prioritizing. . . source: https://crypto-economy.com/digital-pound-collapse-bank-of-england-backs-off-as-public-says-no/