Carstens questions wisdom of fully anonymous CBDC
Idea of complete anonymity in digital systems is a “chimera”, BIS chief says
Designing a central bank-issued digital currency (CBDC) so that users are fully anonymous is unlikely to be the best approach, Agustín Carstens said on January 27.
The Bank for International Settlements general manager said central banks looking to establish CBDCs must consider who should have access to what information. But some degree of traceability has long been key to establishing economic relationships, Carstens said. He cited the example of eighteenth century merchants using “bills of
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on CBDC
Bundesbank partners with MIT on digital euro privacy
EU previously raised concerns about single access point to verify holding limits
Bank of Israel to launch CBDC sandbox
Central bank will invite banks and fintechs to experiment with API, deputy governor says
CBDCs could increase financial instability, Fed paper says
Central banks should consider price and quantity tools to mitigate risks, researchers say
SNB to explore wCBDC settlement for monetary operations
Project Helvetia allows safe and efficient settlement, says governor, but retail CBDC is risky
Riksbank uncovers problems in offline CBDC test
Latest phase of e-krona testing focused on offline payments and preventing fraud
HKMA launches next phase of CBDC pilot and sandbox
Hong Kong project will explore programmability, tokenisation and atomic settlement
Asian central banks co-ordinating CBDC work in ‘near real time’
RBI deputy governor says Seacen members tend to use public-key cryptography in their design
Turkey’s digital lira to use ‘programmable payments’
Intermediaries will offer related services, though these may differ across providers