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A comment on Bank of England and Treasury think UK is 'likely' to need digital currency. Parent comment

Re:Bank of England and Treasury think UK is 'likely' to need... by SideburnsOfDoom on Saturday February 04, 2023 @07:00PM (#34659896)
> it's orders of magnitude easier for any government agency to get that data consolidated.

I don't buy that; if the government (UK or otherwise) wanted a consolidated view of all transactions (at what stage: acquired, captured or cleared ?) then they could get it from a low double-digit number of sources.

Building their own payments processing system is hard, perhaps as hard as getting feeds from all of those.

[ Parent | on HN ]
Re:Bank of England and Treasury think UK is 'likely' to need... by namaria on Sunday February 05, 2023 @04:24AM (#34663302)
The sheer amount of cash hoarded by tax evasion, and the very public effort in creating this central government backed blockchain attest to the contrary. For all we can speculate, we will have to wait and see. I dread this possible future and hope it doesn't come to pass...
[ Parent | on HN ]