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98%  
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Keyword: digitalpound

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  • Consumers to face 20,000 pound limit on digital pound, Bank of England says

    02/08/2023 3:51:35 AM PST · by fluorescence · 20 replies
    Reuters via MSN ^ | February 8, 2023
    [snip] "We propose a limit of between 10,000 pounds and 20,000 pounds per individual as the appropriate balance between managing risks and supporting wide usability of the digital pound," [BoE Deputy Governor Jon Cunliffe] said in a speech to members of UK Finance, a banking industry body. A limit of 10,000 pounds would mean that three quarters of people could receive their pay in digital pounds as well as holding pre-existing balances in the same account, while a 20,000 pound limit would allow almost everyone to use digital pounds for day-to-day transactions, Cunliffe said.