Digital yuan project should rethink anonymity, paper urges
Scholars argue CBDC “wallets” ought to be under full control of retail users
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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