Privacy issues hinder potential central bank digital currencies

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Roll Call reports on the privacy pitfalls associated with a potential central bank digital currency scheme. Chief among the concerns being raised is how to preserve user privacy when these currencies call for user identification and transaction tracking. Willamette University Law Professor Rohan Grey, who has discussed digital currency rollouts with U.S. Congress, said he isn’t sure central bankers will stand by consumer privacy in the face of expected inquiries from law enforcement or intelligence agencies regarding transactions using digital currency.
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