Robert Bench, the Federal Reserve Bank of Boston’s director of applied research, thinks privacy should be a focus during the creation of digital money, not an afterthought.
“Privacy is a question that we have learned is critical from a technical perspective,” Bench said during a Chamber of Digital Commerce panel on Friday: “One of our learnings is that the questions of privacy and identity must be considered at the earliest stage of the architecture. Making privacy or identity an ad hoc process is suboptimal from both a privacy or identity perspective, and most importantly from a security perspective.”
A largely digital world often means less privacy. Money is no exception. While countries look toward central bank digital currencies, or CBDCs, payments are less private than the cash transactions of yesterday. CBDCs may or may not give users privacy
Privacy should be a key talking point from the beginning of CBDC development.
https://cointelegraph.com/news/privacy-should-be-at-the-core-of-cbdcs-boston-fed-research-director-said
What did you people think about this? To me, it is like saying what is not possible, even as fiats are, governments do their best to compromise peoples privacy, it is clear that the governments will always compromise privacy, and yet scam and money laundering are always on the rise. How can CBDC be privacy digital currencies, it is clear and obvious that this is not possible, CBDC will be centralized currencies that will strip people out of privacy.
