Fintech Lobbyist: Bank of England Issuing CBDC Must Consider Crypto Industry's Competitiveness

According to CoinDesk, fintech lobbyist Adam Jackson said at a meeting of the British Legislators Committee that the Bank of England must take into account the competitiveness of the encryption industry when deciding how to issue a central bank digital currency. When considering central bank digital currency (CBDC) and how to implement it At the time, there was a question of whether competing objectives could be applied to the Bank of England, “a CBDC may crowd out innovation and stablecoins unless it is designed to promote competition”.