Webinar: What’s the digital pound? and how we can make it work for people not profit - 28.06.23
Channel: Positive Money
Date: 2023-06-29

A digital pound could be coming in the next few years…

Central banks all over the world, including the Bank of England, are looking into launching digital currencies - a digital version of cash that’s issued by the central bank. But who will control it? Who will have access to it? How’s this different from existing fintech or bitcoin? What are the risks and opportunities for financially excluded groups, for inequality, and for our democracy?

As the government and Bank of England are currently running a public consultation on the digital pound, we held this webinar on 28th June 2023 with Professor Saule Omarova, a leading thinker on digital currencies and Professor of Law at Cornell University US, Positive Money’s Head of Policy, Simon Youel, and our Director of Public Engagement, Rachel Oliver; to discuss how we, as the public and civil society, can push them to put these 3 core principles are at the heart of any digital pound’s design:
* Financial inclusion
* Public ownership and access, and 
* Individual privacy

Use our template letter to contribute to the consultation on a digital pound here before it closes on 30th June: bit.ly/digital-pound

Read more about the opportunities a digital pound presents to stop the privatisation of money in Simon's blog mentioned here: https://positivemoney.org/2023/05/an-opportunity-to-stop-the-privatisation-of-money-with-a-digital-pound/

And check out Saule's paper on the People's Ledger also referenced here: https://scholarship.law.vanderbilt.edu/vlr/vol74/iss5/1/

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