APPG on Digital Markets and Digital Money

APPG Central Bank & Digital Currency is the UK Parliament Group. The aim is to collect evidence and advise the government on CBDC related Monetary and policy risks associated • Impact of CBDC on the Bank’s monetary and Financial Stability • CBDC Issuance and retail bank disintermediation risks. • Cross currency & cross border regulatory, and technical interoperability challenges. • CBDC design to support a more resilient payments landscape and facilitate competition and innovation in the UK? • Consumer Protection and Data Privacy • Security Risks The Group will also look into different operating models of CBDC, Stablecoin developed on Blockchain and smart contracts. Its purpose is to bring together experts in industry and academia with MPs and Peers in the UK Parliament to lead and influence the development of digital money and markets both in the UK and globally. It will focus on regulated currencies, including retail and wholesale Central Bank Digital Currency (CBDC), tokenised deposits and stablecoins, as well as all aspects of current and emerging forms of money and payment, from cash to crypto currencies. The landscape is shifting rapidly, and it is important the UK is not left behind. The work of the APPG will ensure we have a good understanding and strong voices in both legislative chambers putting the case for innovation, growth, and appropriate regulation. The APPG is Co-Chaired by ex-Bank of England regulator and Labour MP Lauren Edwards MP and Conservative Peer Lord Ranger of Northwood.