Pass a CBDC Safeguards Act before any introduction of a digital pound
National
ยท64 contributorsLegislate binding legal safeguards before any central bank digital currency (CBDC) roll-out: guarantee continued access to cash, prohibit unilateral account freezes without judicial due process, require privacy protections for routine transactions, and create independent oversight and auditability.
Rachel Reeves
Chancellor
CBDC safeguards before digital pound launch
Stablecoin DeFi safety consumer choice
Prevent CB occurrence
CBDC protections cash privacy due process oversight
Pass a CBDC Safeguards Act before any introduction of a digital pound
National
Legislate binding legal safeguards before any central bank digital currency (CBDC) roll-out: guarantee continued access to cash, prohibit unilateral account freezes without judicial due process, require privacy protections for routine transactions, and create independent oversight and auditability.
CBDC safeguards before digital pound launch
Stablecoin DeFi safety consumer choice
Prevent CB occurrence
CBDC protections cash privacy due process oversight