Electronic wallet providers would be responsible for AML controls over 'digital pound'

The British government and the Bank of England have said private electronic wallet services would be responsible for anti-money laundering under planned technical systems required to launch a digital version of the UK's Pound Sterling.

By Keith Nuthall

The British government and the Bank of England have said private electronic wallet services would be responsible for anti-money laundering under planned technical systems required to launch a digital version of the UK's Pound Sterling.