PrivacyCointelegraphabout 2 hours ago
BIS Warns Digital Cash Risks Privacy
1 min read
The Bank for International Settlements published a Tuesday report stating digital cash offers cash-like privacy but remains unready for production due to bank data breach risks. While one bank compromise exposes customer data, it does not reveal identities from other counterparties. The US President banned federal CBDC issuance in January citing privacy concerns.
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