In a recent survey conducted by Trezor Nearly 75% of respondents expressed concern about the potential for regulation that the UK government may have access to funds through a proposed central bank digital currency (CBDC).
It also points to public concern about its implementation. Including concerns about holding time limits.
Central Bank Digital Currency Concerns
Trezor commissioned a market research firm. Obsurvant is conducting a survey This was answered by 1,037 people in the UK who filled out an online survey.
The Bank of England (BoE) launched a public consultation on the digital pound in February. This gave the British the opportunity to get involved in the process. The consultation closed on June 30.
Although the BoE stated that no decision has been made on the launch of the digital pound. But he also said that CBDCs are likely to be needed in the future.
The general sentiment toward CBDCs, according to survey respondents, is caution. George Gammon Recently expressed concern about Bank of International Settlement’s recent economic report, specifically titled “Blueprint for the Future Financial System: Improving the Old System activate the new system”
Likewise Ben Habib A former member of the European Parliament called the CBDC “the antithesis of Bitcoin and cryptocurrencies” as all transactions within the CBDC are subject to government surveillance and interference is possible.
“Central Bank Digital Currency It is the most regulated currency. Every unit of currency is registered in your name at the BoE and they will know what you do with it. And they can do whatever they want with that money.”
however Samson Mow Jan3’s CEO believes the problem isn’t as serious as it seems.
Digital pound survey results
survey results of Trezor-Obsurvant This reflects the general perception that CBDCs and governments and financial entities may be misused.
73% of respondents 67% also expressed concern about the potential for spending time limits, and 59% believed that UK authorities were likely to spend their money. Digital pound to block certain people from spending money All of which indicate a serious level of public concern about CBDCs.
The survey also revealed that 46% of respondents Unsure whether the government will be able to protect the pound and living standards in the next three years, while 31% believe they can meet those targets.
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