UK Opposition Party Wants Country to Be a Securities Tokenization Hub and Advance Work on CBDC

“Labour recognises the growing case for a state-backed digital pound to protect the integrity and sovereignty of the Bank of England, and the U.K.’s financial and monetary system,” the party said. “Labour fully supports the Bank of England’s work in this area, and wants to ensure that issues such as threats to privacy, financial inclusion and stability are effectively mitigated in the design of a central bank digital currency.”