Re:Bank of England to explore a potential Central Bank Digit...
by jollybean on Monday April 19, 2021 @01:50PM
(#26865858)
"That's what people mean by digital currency."
So often not though. Money without oversight will instantly attract the most nefarious users that governments don't like, so it's unlikely anything a government would propose is going to very easily allow things to happen without some kind of regulatory control.
It's hard to fathom exactly what the point would be, because even the benefit of reducing VISA style transaction taxes from the current 2.5% to about 0.1% (which is where it should be) would incur the wrath of the institutions that make money from that and sponsor centre-right politicians in the UK.
It's too early to tell, it could just be a political football for now, something to talk about, get attention, distract us etc..
So often not though. Money without oversight will instantly attract the most nefarious users that governments don't like, so it's unlikely anything a government would propose is going to very easily allow things to happen without some kind of regulatory control.
It's hard to fathom exactly what the point would be, because even the benefit of reducing VISA style transaction taxes from the current 2.5% to about 0.1% (which is where it should be) would incur the wrath of the institutions that make money from that and sponsor centre-right politicians in the UK.
It's too early to tell, it could just be a political football for now, something to talk about, get attention, distract us etc..