CBDCs cannot have unlimited privacy – Canadian deputy governor

Timothy Lane says central banks should consider “hybrid privacy levels”

Tim Lane
Timothy Lane, deputy governor, Bank of Canada
Photo: Flickr/Bank of Canada

Any central bank-issued digital currency should have limits on how much anonymity it gives users, a senior Bank of Canada official argues.  

Speaking to Central Banking in a forthcoming interview, deputy governor Timothy Lane says there would need to be a trade-off in terms of privacy were a CBDC to act as a replacement or complement to cash.

“There is a dark side to privacy which is linked to cash,” Lane says. “A central bank would not be allowed to, and should not be considering, issuing a

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