by Kalyeena Makortoff Banking correspondent on (#6GTZ8)
Treasury select committee highlights concerns over data privacy and increased possibility of bank runsThe idea of creating a digital pound should not even be considered until the UK government and Bank of England address concerns over data privacy and the increased risk of bank runs, a parliamentary committee has warned.MPs on the Treasury select committee said that while it was true that the rollout of a central bank digital currency could trigger fresh innovation and competition in the payments sector, serious questions remained about whether the positive effects outweighed the risks and costs. Continue reading...