British isles Lawmakers Want Interest-Bearing Electronic Pound and Reduced Holding Boundaries

The lawmakers also cautioned from the proposed 10,000- 20,000 British pound ($12,663 – $25,320) holding restrict, and as a substitute proposed a decreased limit similar to the 3000 euro cap proposed by the EU’s European Central Bank “to reduce the danger of significant-scale outflows from bank deposits into electronic pounds… with a watch to growing it more than time.”