Digital currency

[Popeyewhereareyou]

Is anyone worried that digital currency (CBDC) will be here soon? Apparently it will be live by 2025, are savings (cash in bank) safe?

It will not be live by 2025. The Bank of England will decide by 2025 whether a new UK central bank digital currency is needed, but is unlikely to be live before the end of the decade. The B of E website states: We will keep issuing cash in the UK as long as people want to use it.

When you say 'are savings (cash in bank) safe?' - I'm not exactly sure what you mean....
Banks don't hold your savings in cash. It's just an electronic entry of figures on a computer. Only about 4% of total deposits are held as actual cash by the bank....

The primary concern about digital currency is an ethical one - that it is potentially programmable, enabling state surveillance and control.

FSCS - i think this is what OP means. Allows for (broadly) £85,000 being protected in the event of a bank's collapse.

Here is a link to MSE

link

Your post is pretty scammy yourself, reported.