Bank of England’s ‘consultation’ on the ‘digital pound’
We previously issued a paper on the YouGov surveys that the Bank of England commissioned to support its work on the ‘digital pound’, the outcome of which work is out for consultation.
We have responded to both the Consultation Paper and the accompanying Technology Working Paper.
Those responses are contained […]
Bank of England ‘consultation’ on the digital pound
We have analysed the Technology Working Paper which accompanies the Bank of England’s Consultation Paper on the ‘digital pound’, and responded to the survey.
You can download our responses to the survey questions here.
The UK’s ‘digital pound’, often referred to as ‘Britcoin’, will be a Central Bank Digital Currency […]
‘Consultation’ on the digital pound
We have responded to this consultation, although it is a sham.
You can download our response here.
The points on which the Bank of England has chosen to consult are narrow, and avoid the most important questions about the ‘digital pound’, which can only be referred to tangentially in a response.
This […]
SVB’s obituary
I have sent a paper to the Treasury Select Committee proving how the rescue of SVB UK by HSBC had taxpayer support.
You can DOWNLOAD THE PAPER HERE.The Governor of the Bank of England (Andrew Bailey) and the Economic Secretary to the Treasury (Andrew Griffith) are appearing before them on March 28th. Mr Griffith appears […]
HM Treasury’s Call for Evidence
We have submitted a response to the Call for Evidence issued by HM Treasury in connection with the review of the 2017 Payment Services Regulations.
You can DOWNLOAD OUR RESPONSE HERE.
It was submitted just before the collapse of Silicon Valley Bank and the unedifying spectacle of UK government ministers jumping up and […]
We have analysed the two YouGov surveys issued by the Bank of England and HM Treasury in connection with the public consultation on ‘Britcoin’: the plans for a UK Central Bank Digital Currency.
There is one survey for Small and Medium-Sized Enterprises, and one for Consumers.
They both consistently over-egg the current take-up of digital payments – […]
Fintech has been lionized by the government and financial authorities as a dynamic new sector of the UK economy, bringing new offerings and competition: next stop is cryptocurrency, the enabling legislation for which is going through Parliament.
The sector is ostensibly very concerned about financial crime, and its main trade body – The Payments Association – […]
From Global Britain website
Global Britain has published a pamphlet written by Lyddon Consulting on how recent events have moved the Bank of England beyond any democratic control. The Bank’s ‘Britcoin’ project – for the introduction of a UK Central Bank Digital Currency – demonstrates the Bank of England independence – from us and from our […]
Our recent research paper on Britcoin examined several of the failures in the digital payments industry that have gone unresolved.
The paper is entitled ‘CAPTURE – BigTech and Digital Payment Giants dominate the committees evaluating the replacement of physical cash with ‘Britcoin’ – a UK ‘Central Bank Digital Currency’’.You can find a click-through to the full paper here:http://www.lyddonconsulting.com/capture-a-major-new-paper-on-the-committees-considering-a-uk-central-bank-digital-currency/
The digital payments industry seems to enjoy the […]