InFocus paper on privacy in central bank digital currency

ECB
By February 17, 2020 16:47

InFocus paper on privacy in central bank digital currency

Executive summary 

The ongoing digitalisation of the economy represents a major challenge for the payments ecosystem, requiring that a balance be struck between allowing a certain degree of privacy in electronic payments and ensuring compliance with regulations aimed at tackling money laundering and the financing of terrorism (AML/CFT regulations). Under the coordination of the ECB, the European System of Central Banks (ESCB) has established a proof of concept for anonymity in digital cash – referred to here as “central bank digital currency” (CBDC)

ECB
By February 17, 2020 16:47

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