Chinese CBDC should not be as anonymous as cash, says PBoC official
Mu Changchun says small digital wallets will allow anonymity, but says freedom needs constraints
China’s central bank digital currency (CBDC) should not be as anonymous as cash, the official in charge of the project said.
Chinese authorities should be able to access CBDC data on people suspected of crimes. Mu Changchun said in a speech. Mu, head of the People’s Bank of China digital currency institute, outlined what he said were safeguards around China’s prototype CBDC.
China first started trials on its “digital yuan” prototype CBDC in Shenzhen in October 2020, and has since expanded it
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