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'Digital sterling' needs to fight financial crime while safeguarding privacy, BOE fintech lead says

By Fiona Maxwell
  • 17 Jun 2021 10:18
  • 17 Jun 2021 10:18
The creation of central bank digital money will need to strike the right balance between user privacy and the opportunity to fight financial crime with greater transparency, the Bank of England’s director of fintech said today.

Respondents to a 2020 BOE discussion paper on central bank digital currencies, or CBDCs — th

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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