Central bank-issued digital currency threatens privacy – BoI official

Bank of Italy
Photo: Aleksandrasana/Wikimedia Commons

A central bank digital currency could raise serious ethical challenges, a deputy governor from the Bank of Italy said in a speech on June 7.

A CBDC, Fabio Panetta told an audience in Milan, has been proposed by many countries as the use of digital payment means increases. But he said a question mark remains over whether a CBDC should have the same anonymity as its physical counterpart.  

“We need to think carefully, right now, about how to make the introduction of a CBDC fully compatible with

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