China’s CBDC will have “managed” anonymity, says PBoC governor
Yi Gang says authorities must balance between protecting privacy and fighting illicit activity
The governor of China’s central bank, Yi Gang, said authorities are aiming to design a central bank digital currency with “by-and-large” anonymity.
“Privacy protection is one of the issues top on our agenda,” Yi said of the central bank’s stance over the digital yuan. “In designing e-CNY, we try to ensure privacy protection and financial security through by-and-large anonymity and managed anonymity,” he added on October 31.
The digital yuan operates under a two-tier system, Yi noted in his
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