Future Digital Pound Legislation Will Provide Protections to Privacy and Control

However, the Bank of England has indicated in its consultation response that it is sticking with its 10,000-20,000 British pound cap ($12,727.6 – $25,460.6) on holdings for now but may review this in future as many academics and FinTech providers preferred either this or having no limit at all. The committee also suggested that a digital pound should come with interest rates, something which the central bank does not intend to do either.