HM Treasury and the Bank agree that strong privacy safeguards would be vital if a digital pound were to be introduced. As set out in the 2023 Consultation Paper, neither the Government nor the Bank would have access to users’ personal data. Law enforcement would only have access to users’ personal information in limited circumstances and where there is a fair and lawful basis–as is the case today. Following feedback from consultation respondents, and in alignment with the report’s recommendation, the Government has committed to guaranteeing users’ privacy in primary legislation if a digital pound were launched.