LONDON : A digital pound used by consumers could harm financial stability, raise the cost of credit and erode privacy, though a version for wholesale use in the financial sector demands greater appraisal, British lawmakers said on Thursday.
But an e-pound used by households and business for everyday payments could see people move cash from commercial bank accounts to digital wallets, said the report by a committee in the House of Lords, parliament's unelected upper chamber. "We were really concerned by a number of the risks that are posed by the introduction of a CBDC," Economic Affairs Committee Chair Michael Forsyth told Reuters.
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