Chinese governor says CBDC must balance privacy and anti-crime measures
Yi says PBoC will collect “minimum amount of information” as police report first CBDC-related arrests
The People’s Bank of China governor has warned that authorities will act to prevent criminals making large-scale use of its prototype central bank-issued digital currency.
The digital yuan must strike a balance between privacy protection and crime prevention, Yi told a panel meeting held by the Bank of Finland’s Institute for Emerging Economies. A completely anonymous CBDC would attract illegal transactions, including money laundering and terrorist financing, he said on November 9.
The PBoC
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