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

Submitted on Friday 18th November 2022

Rejected on Tuesday 22nd November 2022

Current status: Rejected

Rejection code: no-action (see below for details)

Petition Action

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

Petition Details

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

Additional Information

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

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This petition was rejected

The Government e-Petitions Team gave the following reason:

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: www.bankofengland.co.uk/paper/2020/central-bank-digital-currency-opportunities-challenges-and-design-discussion-paper

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