Digital yuan project should rethink anonymity, paper urges

Digital yuan

The People’s Bank of China (PBoC) says it has attempted to solve the trade-off between privacy and compliance in its digital yuan project by introducing small-value anonymous wallets.

But the proposed “anonymity” is questioned by researchers from University College London (UCL) in a paper published on August 12.

The PBoC says its central bank digital currency follows a principle of “anonymity for small value, traceability for high value” payments – so-called managed anonymity. In this way

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