DCGG Views on the Digital Pound Consultation by the BoE and HM Treasury

Today, the joint consultation by the Bank of England and HM Treasury on a retail central bank digital currency – the so-called ‘digital pound’ – is officially closing.

DCGG strongly supports the initiative to consult with private sector representatives and industry experts on the potential design of the digital pound – a crucial step in the pipeline of this project, and have provided evidence outlining our perspectives.

Our view is that the privacy component of the digital pound would be one of the main factors to be considered by users upon adoption, and we have put forward recommendations for the use of Zero-Knowledge Proof to facilitate user protection, reduce data sharing burdens and make transacting with the digital pound more efficient and user-friendly.

Read our full response here: