IEA Technology & Projects Manager, Jamie Legg wrote for The Telegraph discussing the risk that ‘Britcoin’, the proposed new Bank of England Central Bank Digital Currency, could lead to significant infringements of our civil liberties.

Jamie commented:

“Although recent consultations on [Central Bank Digital Currency] have nodded at respecting civil liberties, it is reasonable to fear that this may end up being empty rhetoric.

“If Britain does adopt its own official digital currency, it is vital that it is done with a clear appreciation of its inherent dangers and that the rules are drafted with the rights to privacy and due process in mind. Although recent consultations on the issue have nodded at respecting civil liberties, it is reasonable to fear that this may end up being empty rhetoric.”

The full article can be read here.