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Privacy Implications Of Central Bank Digital Currency, Jiaying Jiang
Privacy Implications Of Central Bank Digital Currency, Jiaying Jiang
UF Law Faculty Publications
One hundred five countries, representing over 95 percent of global GDP, are exploring central bank digital currencies (CBDCs), a new form of digital money that is different from privately issued cryptocurrencies and stablecoins. As central banks worldwide grapple with CBDC design options, privacy has become a critical feature and concern. Many central banks, government agencies, NGOs, think tanks, and even the general public have already addressed the importance of privacy and called for privacy in CBDC systems. Some economists, computer scientists, engineers, and legal scholars have already moved forward to design a privacy-preserving CBDC.
However, when addressing the importance and …