As central banks worldwide explore the potential of Central Bank Digital Currencies (CBDC), digital rights group Big Brother Watch has released a report analysing the impact of digital currencies on human rights. The report examines several CBDC projects from different parts of the world, including China, Israel, Jamaica, Sweden, Nigeria, Uruguay, and the Eurozone, to identify what the UK can learn from them.
BBW is urging the UK government to reconsider the privacy implications of a UK digital pound, as their analysis suggests that it would be significantly less private than cash and could give rise to equality and privacy risks. They recommend that the government return to the drawing board to examine these issues more deeply.
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