​The Bank for International Settlements commented on the anony | Global CRYPTO News

​The Bank for International Settlements commented on the anonymity of CBDC

Representatives of the Tourbillion project and the Bank for International Settlements (BIS) announced the results of a joint study. Experts have concluded that users can maintain privacy when making payments with central bank digital currencies.

Payment options have been explored where retail customers do not have to share personal information with third parties, including the retailer. However, the user's identity will be disclosed to his credit institution. This is necessary in order to discourage potential tax evasion.

Given the fact that the implementation of CBDC is being actively studied by various jurisdictions, the confidentiality of this tool has become one of the key issues. BIS emphasized that the ability to maintain anonymity is a key requirement for most users, but this situation is quite difficult to solve. The main challenge is ensuring technological security and privacy.

The situation in the world is such that attitudes towards blockchain technologies may differ significantly depending on the jurisdiction. It is noteworthy that at the moment Japan has set a clear vector for itself, within which the country intends to take a leading position in the Web 3.0 industry. The local government is systematically easing the way it regulates digital assets.

This position is very different from South Korea, where the government has committed to tightening oversight. It is noteworthy that Prime Minister Fumio Kishida strongly supports blockchain technologies and digital assets.