CBDC and blockchain: Are we worrying too much about privacy?
Friday 21 May 2021 – Vol.12 Ed.20.5
Commentary: CBDC privacy concerns are overblown
By Philip Middleton in London
In response to OMFIF’s market research on what the most important attributes of a central bank digital currency should be, the most ticked boxes were those marked ‘privacy’ and ‘security’. In the US and Germany over 70% of respondents prioritised privacy as the essential feature of a putative CBDC. Since in a market economy the customer is always right, CBDC would have to replicate cash, not least in its anonymity, if it is to be accepted. Should it?
Read the full commentary on the website.
Meeting: DLT and the future of public blockchains
Thursday 27 May, 13:00-14:00 BST
Public blockchains are becoming more accepted across financial services and use cases in payments, smart contracts, smart assets, digital identity, clearing and settlement are growing. However, issues remain around privacy limitations, lack of governance and adoption. This panel will discuss the applications of public blockchains within finance and digital money, their role in digital representations of commercial money and their potential use within central bank digital currency rollout strategies.
Register to attend here.
