The BIS says anonymous CBDCs are 'not plausible.' Privacy advocates say that's nonsense.
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Quick Take
- The era of central bank digital currency is officially here.
- The BIS and seven other central banks recently called a fully anonymous CBDC implausible.
- But privacy advocates beg to differ.
There is no reason to dismiss the possibility that state-issued electronic cash can be as private as traditional cash, say privacy advocates.
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