Privacy campaigners claim CBDCs will end transaction anonymity, give governments surveillance powers over the Digital money will not replace cash in the UK and The Bank of England (BoE) and the United Kingdom’s Treasury are gearing up plans to create a digital currency that could “provide a new way to pay” without necessarily Firms offering services for cryptoassets like Bitcoin and Ethereum will be subject to new, clear rules, boosting investor confidence and driving growth through the Plan The Consultation Response emphasises that a digital pound would complement, not replace, cash or other forms of digital payment, and draws attention to the If the U.K. adopts a digital currency, citizens shouldn’t expect cash and coins to disappear. That’s according to Bank of England Governor Andrew Bailey, who said The Response Paper makes clear that the digital pound is intended to complement and not replace cash, and reaffirms the commitment of the Bank of England and Motivated by the decline in transactional cash usage and the increase in online sales in the UK, this paper provides a theoretical framework to study the underlying drivers of these trends and