Cancel The Project for Central Bank Digital Currencies (CBDCs)!

Rejected 21 signatures

What the petition asks

Dismiss any now and the future attempt to transfer the British Pound to being Central bank controlled digital Currency. Keep it in the format it is currently in with plastic and coined money. The public do not want to be using the CBDCs

I feel that the government be able to control the hard workers money in the form of CBDCs by using the Banks to do this. This style of currency will put the hard workers money at risk to the public and it will benefit the government as they'll be able to control people and revoke the public basic human rights

Why it was rejected

It was not clear what the petition asked the UK Government or Parliament to do.

A CBDC would be a new form of money that would exist alongside cash and bank deposits, rather than replacing them.

You can find out more about CBDCs, and the Bank of England's work in this area, here: https://www.bankofengland.co.uk/paper/2020/central-bank-digital-currency-opportunities-challenges-and-design-discussion-paper

Timeline

18 Nov 2022	Petition opened for signatures
22 Nov 2022	Rejected by the Petitions Committee

Key facts

Signatures 21

Status Rejected

Rejected 22 Nov 2022

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