One Step Closer to Capped Programmable Money
Digital pound cap and other news.
#1. One step closer to capped programmable money
“Britons face 20,000 digital pound cap under Bank of England plan.” At first, this will be sold to the people as "a little extra digital cash" in your "free digital wallet." And then one day, the regular account will die suddenly and unexpectedly—and the capped and programmable digital wallet will stay. The way I see it, based on the logic of how history usually works in relation to psychology, unless there is massive spiritual upheaval, this is almost guaranteed.
Britons face 20,000 digital pound cap under Bank of England plan
By Huw Jones
LONDON, Feb 7 (Reuters) - Britons would be limited to 20,000 digital pounds ($24,000) each if the country goes ahead with a digital currency, Bank of England Deputy Governor Jon Cunliffe said on Tuesday.
