Expert view: Digital pound’s platform model should help address privacy concerns

The UK published the results of its consultation on a digital pound on Thursday amid public concerns over privacy. Experts believe that the “platform model” proposed by the British government and the upcoming laws can help deal with these privacy issues. This model allows private companies, rather than governments, to establish direct commercial relationships with customers, while the central bank only provides the core infrastructure and ledger of the digital pound. In addition, the British government plans to pass legislation to protect personal privacy and ensure that privacy protection is taken into account in the design stage of the digital pound. The UK government has pledged to consult further with the public before making a final decision on matters related to the digital pound. (CoinDesk) According to previous news, the British Treasury and the Bank of England said that they will step up the design of a digital pound, but it has not yet been decided whether to launch it, and further research on central bank digital currencies is still needed.