Abstract

Abstract: Digital payment innovations increase the tension between the right to privacy and combating illicit activity. Democratic societies must rise to the challenge of striking the proper balance. This will not be easy. Whether with bank accounts, cryptocurrencies, or central bank digital currencies (CBDCs), society needs an open dialogue on how to ensure the privacy of payments data. For CBDCs, technological and institutional safeguards must be used to help.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call