Much Anticipated Central Bank Digital Currencies Raise Privacy Concerns

[Riya143]

CBDCs are one of the hottest topics in the fintech space, but as their inception comes closer, serious privacy concerns come with it.
Central Bank Digital Currencies, or CBDCs, have been an increasingly popular topic in the cryptosphere and financial world as a whole, especially with the onset of the COVID-19 crisis. In the United States, the need for a universal electronic payment system for stimulus checks gave rise to a proposition for the creation of a digital dollar and its implementation.
Read more: https://cointelegraph.com/news/much-anticipated-central-bank-digital-currencies-raise-privacy-concerns

[Delgado]

Confidentiality issues of the digitized currencies of the central banks of states can be finalized during the testing of this coin or even after its launch. Government authorities of different states will certainly consult and exchange experiences with each other about functionality and other issues related to the circulation of their digitized currencies.