Report by central banks says shortcomings in design options may stymie implementation
A report by eight central banks, together with the Financial institution for Worldwide Settlements, on retail central financial institution digital currencies (rCBDCs) finds that some privateness know-how will not be match for objective.
The report on rCBDCs’ design options, revealed on November 26, says a few of privacy-enhancing know-how isn’t but possible to be used in actual time. It additionally finds the know-how to be overly sophisticated, unreliable and says it may introduce further delays when making funds.
The Financial institution of Canada
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