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by jkepler 1223 days ago
Wouldn't a digital pound give the government direct view of people's financial transactions?

Right now they don't they at least need a court order (i.e. they'd have to prove probably cause) to compel a bank to give them people's data?

Sounds like a big change to me, and further erosion in the protection rule of law theoretically provides people against tyranny.

1 comments

I disagree with the framing you’re using: if the only protection today is policy, then a new technology (the digital pound) is immaterial. The government doesn’t need new technology to be able to change policy. Anyway, to answer your question, the tax authority here does not need a court order.