“There’s no such thing in this country as a central bank digital currency, so they would need to create new legislation around what that would look like and that’s part of the consultation process,” Louise Abbott, partner at U.K.-based Keystone Law, told CoinDesk in an interview. George Morris, partner at Simmons & Simmons echoed Abbott’s comments.
UK Will Need New Data, Privacy, AML Laws to Accommodate Future Digital Pound, Lawyers Say
