Trials pick holes in retail CBDCs’ privacy technology
Report by central banks says shortcomings in design features could stymie implementation
A report by eight central banks, including the Bank for International Settlements, on retail central bank digital currencies (rCBDCs) finds that some privacy technology may not be fit for purpose.
The report on rCBDCs’ design features, published on November 26, says some of privacy-enhancing technology is not yet feasible for use in real time. It also finds the technology to be overly complicated, unreliable and says it could introduce additional delays when making payments.
The Bank of Canada
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