No-one has given a reason why the UK needs a "digital pound" - but it would come at a significant cost to our privacy, financial freedom and equality. The risks are enormous. At worst, a CBDC could create a vast new web of financial oversight and control.
All of the CBDC projects we reviewed raised serious concerns and threatened privacy. As we call on the government to rethink its plans for spycoin, this report helps to show policymakers the risks a UK CBDC would pose to our human rights and civil liberties. Step up now.
No Spycoin, Big Brother Watch