CBDCs should have ‘privacy by design’ says blockchain boss

As Central Bank Digital Currencies (CBDC) continue to materialize, so do worries surrounding the financial privacy of users, says Matthew Niemerg, co-founder of Aleph Zero (AZERO) – a Swiss non-profit, enterprise-ready, peer-reviewed, developer-friendly blockchain platform.
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According to Aleph Zero, CBDCs will undoubtedly be subject to know-your-customer (KYC) and anti money laundering (AML) regulations, which require identity disclosure among their participants. In fact, the Bank of Canada has already qualified anonymity as a ‘risk’ banks should look to avoid – leaving prospective users with little faith that their privacy will be assured. More

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