Technology Technology

CBDC holding limit in UK likely to be higher for businesses than for individuals

By Phoebe Seers
  • 03 May 2023 15:04
  • 03 May 2023 15:04
Companies are likely to be allowed to hold more in digital sterling under the Bank of England's plan for a central bank digital currency than the limit of 10,000 pounds to 20,000 pounds ($12,500 to $25,000) currently penciled in for individuals.
The BOE's current thinking is that businesses will need

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Phoebe Seers


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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