TechFlow news — Central bank digital currencies (CBDCs) have raised concerns about their potential use in restricting privacy. The European Central Bank (ECB) appears to be aware of this issue, recently releasing a range of privacy options for its potential CBDC, ranging from basic to highly private.
Unfortunately, several commentators note that it cannot be taken for granted that the ECB—or any other central bank—will opt for the most privacy-protective approach when launching a CBDC, especially given the need to ensure strict anti-money laundering compliance. From the standpoint of human rights and civil liberties, given many governments' poor track records, there is a significant risk that CBDCs could be used to infringe on privacy.
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