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Digital Pound Debate in UK
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UK lawmakers express concerns about the introduction of a digital pound, emphasizing the need to avoid risks of bank runs and safeguard cash and user privacy. The Bank of England and finance ministry are considering the introduction of a digital pound, but lawmakers are urging a clear demonstration of its benefits without increasing risks or costs.
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How might the digital pound proposal influence international financial regulations and global payments systems?
How might the introduction of a digital pound impact traditional banking and cash transactions?
What measures can be taken to address the concerns raised by UK lawmakers regarding privacy and potential bank runs?
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