Lawmakers: UK CBDC needs parliamentary approval


The final decision on whether the UK issues a state-backed digital currency must be made by parliament and not the Bank of England, a House of Lords committee said. The House of Lords economics affairs committee said the launch of a digital pound would have "far-reaching consequences."

Full story:

GFMA SmartBrief

Securities, global capital markets and financial services news

Designed specifically for investment bankers, broker-dealers, and mutual fund professionals around the globe, GFMA SmartBrief is a FREE e-mail newsletter. By providing a summary of the day's most important financial markets news, GFMA SmartBrief saves you time and keeps you smart.